FAC Explorer

Finding 1236118 (2024-001)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2024
Accepted
2026-09-23
Audit: 411750
Organization: Global Foundation for Ocean Exploration (CT)
Auditor: WOLLACK LEWITZ CPAS

AI Summary

  • Issue: Two invoices were overpaid by $9,300.
  • Trend: This indicates a potential pattern of inaccuracies in invoice processing.
  • Follow-up: Review invoice procedures and implement checks to prevent future overpayments.

Finding Text

Two invoices were overpaid by a total of $9,300 and therefore the incorrect amount of reimbursement was requested.

Corrective Action Plan

: Controls should be in place to prevent excess drawdowns from grants.

Categories

Cash Management

Other Findings in this Audit

  • 1236119 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
11.011 OCEAN EXPLORATION $4.60M