Finding Text
2023-001 FINDING: Financial Statement Preparation and Schedule of Expenditures of Federal Awards
Criteria and Effect: It is our responsibility to inform you that this deficiency could result in a material misstatement to the financial statements that could have been prevented or detected by the Organization’s management. In addition, management was unaware that Uniform Guidance requirements were necessary.
Repeat Finding From Prior Year: Yes, prior year finding 2022-001
Recommendation: As in prior years, we have instructed management to review a draft of the auditor prepared financials and SEFA in detail for their accuracy, we have answered any questions they might have, and we have encouraged research of any accounting guidance in connection with the adequacy and appropriateness of classification and disclosure in your statements. We are satisfied the appropriate steps have been taken to provide the Organization with the completed financial statements and SEFA. It is the responsibility of management and the Board of Directors to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations.
Response/Corrective Action Plan: The Organization agrees with the above Finding. See Corrective Action Plan.