FAC Explorer

Finding 372234 (2023-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-05
Audit: 293529
Organization: Fayetteville Urban Ministry, Inc. (NC)
Auditor: Langdon & Company LLP

AI Summary

  • Answer: There are gaps in the controls for year-end financial reporting that could lead to inaccuracies.
  • Trend: These issues have been consistent over the past few years, indicating a need for improvement.
  • List: Recommended actions include reviewing control procedures, providing additional training, and conducting regular audits to ensure compliance.

Finding Text

Controls over the year-end financial reporting process

Corrective Action Plan

Management will review related policies and procedures and consider the use of an outsourced accountant to help provide expertise.

Categories

Reporting

Other Findings in this Audit

  • 372235 2023-002
    Material Weakness Repeat
  • 372236 2023-003
    Material Weakness Repeat
  • 372237 2023-004
    Material Weakness Repeat
  • 372238 2023-005
    Material Weakness Repeat
  • 372239 2023-001
    Material Weakness Repeat
  • 372240 2023-002
    Material Weakness Repeat
  • 372241 2023-003
    Material Weakness Repeat
  • 372242 2023-004
    Material Weakness Repeat
  • 372243 2023-005
    Material Weakness Repeat
  • 948676 2023-001
    Material Weakness Repeat
  • 948677 2023-002
    Material Weakness Repeat
  • 948678 2023-003
    Material Weakness Repeat
  • 948679 2023-004
    Material Weakness Repeat
  • 948680 2023-005
    Material Weakness Repeat
  • 948681 2023-001
    Material Weakness Repeat
  • 948682 2023-002
    Material Weakness Repeat
  • 948683 2023-003
    Material Weakness Repeat
  • 948684 2023-004
    Material Weakness Repeat
  • 948685 2023-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
16.575 Crime Victim Assistance $196,176
21.023 Emergency Rental Assistance Program $133,284
21.027 Coronavirus State and Local Fiscal Recovery Funds $90,211
84.002 Adult Education - Basic Grants to States $52,798
97.024 Emergency Food and Shelter National Board Program $47,931
14.218 Community Development Block Grants/entitlement Grants $12,000
14.231 Emergency Solutions Grant Program $10,327