Finding 1175353 (2024-002)

Criteria - Management is responsible for establishing and maintaining effective internal control over federal awards to provide reasonable assurance that the non-federal entity is managing the federal award in accordance with federal statues, regulations, and terms and conditions of the awards received. (This is a repeat of prior year findings 2022-02 and 2023-003). Condition - During the audit, we noted failure to obtain board approval of purchases prior to disbursement of federal funds. Cause - The conditions mentioned above were due to failure by the School to comply with established internal control policies over the allowable use of federal funds. Effect - Without appropriate and effective internal controls over compliance, non-compliance could occur which the entity may not identify. Questioned Costs - $57,597 Recommendation - We recommend that the School review its internal control policies to properly document approval of purchases prior to disbursement of federal funds. Management response - See corrective action plan provided by the Head of School.