FAC Explorer

Finding 1225259 (2024-004)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-07-31
Audit: 408295
Organization: Compañia de Turismo de Puerto Rico (PR)
Auditor: RSM PUERTO RICO

AI Summary

  • Answer: FFATA reports for FY ending June 30, 2024, were not submitted.
  • Trend: This issue stems from insufficient supervision over the report submission process.
  • List: Follow up to ensure compliance with reporting requirements and improve oversight.

Finding Text

Condition: The required FFATA reports for the fiscal year ending June 30, 2024, were not submitted. Cause: Lack of supervision related to the submission of FFATA reports for the Program. Effects: Condition may result in noncompliance with the requirements for Reporting.

Corrective Action Plan

Management implemented procedures for monitoring FFATA reporting requirements, including reporting calendars, assigned responsibilities, and supervisory review controls.

Categories

Reporting

Other Findings in this Audit

  • 1225256 2024-002
    Material Weakness Repeat
  • 1225257 2024-002
    Material Weakness Repeat
  • 1225258 2024-003
    Material Weakness Repeat
  • 1225260 2024-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $8.38M
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $1.29M
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $83,475