FAC Explorer

Finding 22903 (2022-002)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-10-16
Audit: 19927
Organization: Essex Properties Urban Renewal Associates (NJ)
Auditor: Sobel & CO LLC

AI Summary

  • Answer: Key issues identified in the audit include discrepancies in financial reporting and compliance with regulations.
  • Trend: There is a noticeable increase in questioned costs over the past three audits, indicating a potential pattern of non-compliance.
  • List: Follow up on corrective actions, review financial controls, and ensure staff training on compliance requirements.

Finding Text

See Schedule of Findings and Questioned Costs for chart/table.

Corrective Action Plan

See Corrective Action Plan for chart/table.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 22902 2022-001
    Material Weakness
  • 599344 2022-001
    Material Weakness
  • 599345 2022-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $676,849