FAC Explorer

Finding 1663 (2022-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-11-13
Audit: 2898
Organization: Puerto Rico Housing Finance Authority (PR)
Auditor: De Angel & Compania CPA LLC

AI Summary

  • Core Issue: Lack of compliance with established procedures by the responsible persons.
  • Impacted Requirements: Key operational standards and timelines are not being met.
  • Recommended Follow-Up: Schedule a review meeting with Hector L. Orsini Vélez and Amanda Oyola to address compliance gaps.

Finding Text

Responsible Person: Hector L. Orsini Vélez / Amanda Oyola

Corrective Action Plan

The Authority recent recruitment of employees will enhance the analysis and reconciliation process to improve the closing procedures. The request to the Management for the completion of the financial system will mechanize and provide more stronger tools to analyze in a more effective manner.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1664 2022-002
    Significant Deficiency Repeat
  • 1665 2022-001
    Material Weakness Repeat
  • 1666 2022-002
    Significant Deficiency Repeat
  • 1667 2022-003
    Significant Deficiency Repeat
  • 1668 2022-001
    Material Weakness
  • 1669 2022-002
    Significant Deficiency
  • 578105 2022-001
    Material Weakness Repeat
  • 578106 2022-002
    Significant Deficiency Repeat
  • 578107 2022-001
    Material Weakness Repeat
  • 578108 2022-002
    Significant Deficiency Repeat
  • 578109 2022-003
    Significant Deficiency Repeat
  • 578110 2022-001
    Material Weakness
  • 578111 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.288 Community Development Block Grant-Disaster Recovery $107.23M
21.026 Homeowner Assistance Fund $29.99M
14.239 Home Investment Partnerships Program $5.24M