Finding 370172 (2022-221)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-02-22
Audit: 291704
Organization: Cheder Toras Zev (NJ)

AI Summary

  • Issue: The audit report was late, missing the May 31, 2023 deadline.
  • Requirements: Audits must be submitted to New Jersey within nine months after the fiscal year ends.
  • Follow-up: Organize all audit documentation to ensure timely completion of future audits.

Finding Text

Condition: The audit report was due to be received by the State of New Jersey no later than May 31, 2023. As a result, the audit was not submitted timely. Criteria: The School is required to submit an audit to the State of New Jersey no later than nine months after their yearend. Cause: The prior year audit was delayed and the auditor had to complete it prior to beginning the current year audit. Effect of Finding: The effect of this noncompliance is minimal. Recommendation: To maintain all documentation that will be required for the audit in an organized manner in order to enable the auditor to complete the audit in a timely manner. View of Responsible Party and Planned Corrective Action: The administrator and staff will work on ensuring that all audit documentation is organized in a way that will allow all future audits to be submitted in a timely manner.

Corrective Action Plan

Finding 22-1: The audit report was due to be received by the State of New Jersey no later than May 31, 2023. As a result, the audit was not submitted timely. Recommendation: To maintain all documentation that will be required for the audit in an organized manner in order to enable the auditor to complete the audit in a timely manner. Action Taken: Since being made aware of the issue, the administrator and his staff updated their system for storing audit documentation which will help the auditor receive all the necessary information in enough time to complete the audit in a timely manner. Implementation Date: Corrective Action Plan has been implemented as of February 6, 2024. Person Responsible for Implementation: Chaim Eidelman, the Administrator, is the responsible party for implementation of the CAP. Telephone Number: (732)901-5060.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 370173 2022-222
    Significant Deficiency
  • 946614 2022-221
    Significant Deficiency Repeat
  • 946615 2022-222
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.553 School Breakfast Program $823,149
10.555 National School Lunch Program $40,613