FAC Explorer

Finding 2158 (2022-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2023-11-20
Audit: 3728
Organization: Easton Valley Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly enforced, which is essential for internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages incompatible duties.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, receipts, disbursements, payroll, wire transfers, financial reporting, journal entries and the school lunch program. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 2157 2022-002
    Material Weakness Repeat
  • 2159 2022-002
    Material Weakness Repeat
  • 2160 2022-002
    Material Weakness Repeat
  • 578599 2022-002
    Material Weakness Repeat
  • 578600 2022-002
    Material Weakness Repeat
  • 578601 2022-002
    Material Weakness Repeat
  • 578602 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $346,779
84.425 Education Stabilization Fund $331,680
10.553 School Breakfast Program $93,877
84.010 Title I Grants to Local Educational Agencies $87,221
84.287 Twenty-First Century Community Learning Centers $81,402
84.358 Rural Education $37,251
10.559 Summer Food Service Program for Children $16,456
84.367 Improving Teacher Quality State Grants $14,948
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $8,225
84.027 Special Education_grants to States $3,966