Answer: There is a significant issue with compliance regarding allowable costs and cost principles.
Trend: This indicates a pattern of material noncompliance and weaknesses in internal controls.
List: Immediate follow-up is needed to strengthen internal controls and ensure adherence to cost requirements.
Finding Text
Material noncompliance and material weakness in internal control over compliance with allowable costs/cost principles requirements.
Corrective Action Plan
Voices of Tomorrow will strengthen its payroll and time-and-effort documentation practices to comply with 2 CFR 200.430(i). The Organization will implement an after-thefact time and effort reporting process that accurately reflects actual work performed by employees whose compensation is charged to federal programs.