FAC Explorer

Finding 1215420 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-05-22
Audit: 402023
Organization: Marion County (SC)
Auditor: KENNETH COBB & COMPANY PC

AI Summary

  • Answer: The County is not preparing its own annual financial statements and footnote disclosures.
  • Trend: This practice may lead to reliance on external auditors, which could affect the County's financial oversight.
  • List: Recommend establishing a process for the County to prepare its own statements and disclosures to enhance accountability.

Finding Text

The County does not prepare its annual financial statements and footnote disclosures. The County staff work with the auditor in the preparation and subsequently reviews and approves all statements and disclosures before issuance.

Corrective Action Plan

The County will accept this condition and continue to work with the audit staff in the preparation of the financial statements and review and approve the financial statements and related disclosures.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1215412 2025-001
    Material Weakness Repeat
  • 1215413 2025-002
    Material Weakness Repeat
  • 1215414 2025-001
    Material Weakness Repeat
  • 1215415 2025-002
    Material Weakness Repeat
  • 1215416 2025-001
    Material Weakness Repeat
  • 1215417 2025-002
    Material Weakness Repeat
  • 1215418 2025-001
    Material Weakness Repeat
  • 1215419 2025-002
    Material Weakness Repeat
  • 1215421 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $1.40M
93.563 CHILD SUPPORT SERVICES $217,036
97.042 EMERGENCY MANAGEMENT PERFORMANCE GRANTS $61,332
20.106 AIRPORT IMPROVEMENT PROGRAM, INFRASTRUCTURE INVESTMENT AND JOBS ACT PROGRAMS, AND COVID-19 AIRPORTS PROGRAMS $29,538
93.323 EPIDEMIOLOGY AND LABORATORY CAPACITY FOR INFECTIOUS DISEASES (ELC) $17,489