Finding Text
Criteria: Valle del Sol, Inc. and Subsidiary is required to submit federal financial reports in accordance with established requirements and should be reviewed by management prior to submission to ensure accuracy. Condition: Although the reports were reviewed in accordance with the internal controls, one of two reports tested did not agree to supporting documentation by approximately $6,600. Cause: Oversight by Valle del Sol, Inc. and Subsidiary. Effect: Inaccurate reporting could result in noncompliance with the guidelines under the terms and conditions of the grant. Questioned Costs: None Context/Sampling: A nonstatistical sample of two reports of five were selected for testing. Repeat Finding from Prior Year: No. Recommendation: Have management routinely review and consider modifications that would strengthen the internal controls surrounding the reporting process. Views of Responsible Officials: Management agrees with the finding.