FAC Explorer

Finding 32280 (2022-001)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-04-25
Audit: 31700
Organization: Spotswood Reformed Church Senior Citizen's Housing Corp. (NJ)
Auditor: Cliftonlarsonallen LLP

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

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Other Findings in this Audit

  • 32281 2022-001
    Material Weakness
  • 608722 2022-001
    Material Weakness
  • 608723 2022-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.188 Housing Finance Agencies (hfa) Risk Sharing $3.64M
14.195 Section 8 Housing Assistance Payments Program $1.85M
14.191 Multifamily Housing Service Coordinators $91,115