Finding Text
2025-001 - Internal Controls surrounding Reporting compliance requirement Criteria: The Uniform Guidance requires that management of Moore County Development, Inc. (the Organization) implement a system of internal controls over compliance for the direct and material program compliance requirements. Condition and Context: During our audit, we noted that management of the Organization had not implemented a system of internal controls applicable to the Organization’s compliance with the Reporting requirement. Cause: Management of the Organization has not implemented internal controls surrounding the Organization’s compliance with reporting requirements. Effect of Potential Effect: Without implementation of a properly operating system of internal controls over compliance, the Organization could become noncompliant with grant requirements. Recommendation: We recommend management of the Organization implement a system of internal controls over compliance, to specifically include the Board of Director’s review and documentation of review of compliance reports submitted by management. Responsible Official’s Response: In progress. Management of the Organization will present compliance reports to the Board of Directors for review and approval prior to submission.