FAC Explorer

Finding 160 (2023-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2023-10-10
Audit: 235
Organization: Cornbelt Educational Cooperative (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls due to inadequate segregation of duties for revenue handling.
  • Trend: This issue impacts compliance with reporting requirements for Special Education grants.
  • List: Follow up on implementing proper segregation of duties to strengthen internal controls and ensure compliance.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues. This affects the reporting requirements for Special Education – Grants to States, CFDA No. 84.027 and Special Education - Preschool Grants, CFDA No. 84.173.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 159 2023-001
    Material Weakness Repeat
  • 576601 2023-001
    Material Weakness Repeat
  • 576602 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education_grants to States $771,464
84.173 Special Education_preschool Grants $43,752