FAC Explorer

Finding 35285 (2022-001)

Significant Deficiency Repeat Finding
Requirement
ABFLN
Questioned Costs
-
Year
2022
Accepted
2023-03-01
Audit: 24775
Organization: City of Kearney, Nebraska (NE)
Auditor: Kso Cpa's PC

AI Summary

  • Answer: There is a significant deficiency in our internal controls due to inadequate segregation of duties.
  • Trend: This issue could lead to increased risk of errors or fraud in financial reporting.
  • List: Review and adjust roles to ensure proper segregation of duties and mitigate risks.

Finding Text

Finding 2022-001: Significant Deficiency in Internal Control over Financial Reporting ? Inadequate Segregation of Duties

Corrective Action Plan

Planned Corrective Action: It is cost prohibitive for the City of Kearney to hire sufficient personnel in order to assign responsibilities in such a way that different employees handle different portions of a transaction. However, the City of Kearney will evaluate the distribution of duties to current employees and closely monitor all accounting functions.

Categories

Internal Control / Segregation of Duties Reporting Significant Deficiency

Other Findings in this Audit

  • 35286 2022-001
    Significant Deficiency
  • 611727 2022-001
    Significant Deficiency Repeat
  • 611728 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $4.74M
20.106 Airport Improvement Program $4.32M
97.090 Law Enforcement Officer Reimbursement Agreement Program $16,340
20.600 State and Community Highway Safety $13,900
20.616 National Priority Safety Programs $7,153
16.607 Bulletproof Vest Partnership Program $2,248
16.U00 Organized Crime Druce Enfocement Task Formce $526