Finding Text
Criteria: Per Financial Operations and Accounting Procedures for Insured Handbook 4370.20, Chapter 2. Maintenance of Books and Account 2-3, “Book and accounts must be complete and accurate.”
Condition: During the testing of the Cash Operating bank reconciliation as of December 31, 2021, we noted that the 1121 Operating Cash per book-($1,217.51) does not agree with the reconciliation balance-($10,662.87). A difference of ($9,445.36).
Cause: This is caused by not agreeing the Cash Operating per book to bank reconciliation, An investigation must be performed correct the cash balance.
Recommendation: We recommend that the Project investigate why the Cash Operating balance per book does not agree with the bank reconciliation.
Views of Responsible Officials and Corrective Action Plan: No disagreements with the audit finding.