Finding Text
Criteria : All deposits should be supported by detailed documentation, properly recorded and retained as per the internal controls in place in the organization. Condition : Detailed supporting documentation was not found for three sampled deposits and three other deposits could not be traced to bank statements. Cause : Organization not maintaining the proper documentation due to transition in accounting staff/management. Effect : No proper documentation may result in the expenditures of federal program not being properly monitored, thus resulting in potential noncompliance with program requirements. Recommendation : We recommend management implement an additional/alternate level of review by someone with proper knowledge to oversee the disbursements made under the program and the documentation is retained properly. Management’s Response : See Management’s View and Corrective Action Plan included at the end of the report.