Finding Text
2022-001 Report Review Space Operations Assistance Listing Number: 43.007 Federal Award ID Number: 80JSC018M0005 National Aeronautics and Space Administration 2022 Funding Criteria: 2 CFR 200.303 requires non-federal entities to establish and maintain effective internal controls. The Cooperative Agreement includes the following requirement: the recipient shall submit an Annual Inventory Report, to be received no later than October 15 of each year, which lists all reportable non-exempt equipment and/or federally owned property in its custody as of September 30. Condition: The annual inventory report was prepared and submitted by the Finance Manager without review of someone other than the preparer. Cause: In prior periods, the Director of Finance reviewed the asset inventory report prior to submission to the grantor. The Director of Finance was no longer with CASIS at year end and no other staff performed the review. Effect: The asset inventory report may include errors or omissions. Questioned Costs: None Perspective: We tested the one asset inventory report required annually. Recommendation: Reports should be subject to review by someone other than the preparer prior to submission to the grantor. Management Response: Management will ensure that the annual inventory reports be reviewed by the Budget Manager for accuracy prior to the submission to NASA.