Finding 1191112 (2024-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2026-03-27

Audit: 395263

Organization: Keams Canyon Elementary School (AZ)

Auditor: BDR RICHARDS CPA'S PLC

AI Summary

Answer: School management must set up and keep strong internal controls for financial reporting.
Trend: This responsibility aligns with GAAP requirements for accurate accounting records and transactions.
List: Follow up on the effectiveness of current internal controls and ensure compliance with GAAP standards.

Finding Text

According to generally accepted accounting principles (GAAP), School management is responsible for establishing and maintaining internal controls over financial reporting to include controls over the School's accounting records and general ledger transactions

Corrective Action Plan

The School has hired a consultant to train and assist school personnel in internal controls and processing transactions. The School has hired a Business Manager and Human Resource Manager.

Other Findings in this Audit

1191113 2024-002

Material Weakness Repeat
1191114 2024-003

Material Weakness Repeat
1191115 2024-004

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
15.042	INDIAN SCHOOL EQUALIZATION	$1.06M
15.044	INDIAN SCHOOLS STUDENT TRANSPORTATION	$486,036
15.046	ADMINISTRATIVE COST GRANTS FOR INDIAN SCHOOLS	$390,455
84.010	TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES	$241,939
15.047	INDIAN EDUCATION FACILITIES, OPERATIONS, AND MAINTENANCE	$154,865
84.027	SPECIAL EDUCATION GRANTS TO STATES	$122,706
10.559	SUMMER FOOD SERVICE PROGRAM FOR CHILDREN	$71,015
84.425	EDUCATION STABILIZATION FUND	$26,514
84.336	TEACHER QUALITY PARTNERSHIP GRANTS	$17,111
84.424	STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM	$12,852
15.149	FOCUS ON STUDENT ACHIEVEMENT	$6,851
84.060	INDIAN EDUCATION GRANTS TO LOCAL EDUCATIONAL AGENCIES	$2,041
84.358	RURAL EDUCATION	$434