FAC Explorer

Finding 3425 (2020-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2020
Accepted
2023-12-05
Audit: 5374
Organization: Aging Projects, Inc. (KS)
Auditor: Daniel L Drake CPA PA

AI Summary

  • Answer: There is a lack of proper segregation of duties in the accounting system.
  • Trend: This issue can lead to increased risk of errors or fraud.
  • List: Review roles and responsibilities, implement checks and balances, and ensure compliance with best practices.

Finding Text

Proper segregation of duties does not exist in the accounting system

Corrective Action Plan

The size of the Organization prohibits hiring additional personnel. Duties have always been segregated where possible and currently another staff person is being trained in recording and summarizing transactions to further break out duties. The Board of Directors is involved where possible.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 3426 2020-002
    Material Weakness
  • 579867 2020-001
    Material Weakness Repeat
  • 579868 2020-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $1.45M
10.558 Child and Adult Care Food Program $558,199