Finding Text
Condition: The Company was unable to provide evidence of the submitted bi-weekly financial progress reports, which resulted in auditors being unable to examine the reports and conclude on compliance with the reporting requirement. Cause: During the year, there was change in the key personnel in charge of reporting requirements, however, the Company did not perform the procedures needed to ensure that data related to reports submitted by the program were retained and backed up for records. Effect or potential effect: Condition may result in noncompliance with the requirements for reporting and records retention.