Finding 375993 (2019-005)

Material Weakness
Requirement
B
Questioned Costs
$1
Year
2019
Accepted
2024-03-13

AI Summary

  • Answer: New management has improved retention and control of source documents in the accounting system.
  • Trend: This change addresses the previous issue of 4% inadequately documented transactions.
  • List: Ensure ongoing compliance with the new retention policy and monitor documentation quality.

Finding Text

Newly established retention and control of source documents has been implemented with new 2023 management within the accounting system providing source documentation for unlimited retention of source documentation to remedy the 4% inadequately documented transactions in this test pool.

Corrective Action Plan

In May 2023, CUAHSI addressed this finding by maintaining all expense backup in a centralized accounting system (Sage Intaact) where two-tier review and approvals are captured with an audit trail. For the fiscal years prior to this process change (including this audit year, 2019), CUAHSI has exported emails and prior finance staff documentation in a secure and searchable archive. At the time of auditor requests for expense documentation of these questioned costs, this archive was incomplete and missing exports from prior in-office local storage hard drive that was utilized by prior accounting staff. In December of 2023, a more comprehensive version of the archive was used to establish documentation for cost principle adherence for all expenses included in the reported $11,325 of questioned costs (see details below, full documentation available via email).

Categories

Questioned Costs

Other Findings in this Audit

  • 375989 2019-001
    Material Weakness
  • 375990 2019-002
    Material Weakness
  • 375991 2019-003
    Material Weakness
  • 375992 2019-004
    Material Weakness
  • 375994 2019-006
    Material Weakness
  • 375995 2019-007
    Material Weakness Repeat
  • 375996 2019-008
    Material Weakness
  • 375997 2019-009
    Material Weakness
  • 375998 2019-010
    Material Weakness
  • 375999 2019-011
    Material Weakness
  • 952431 2019-001
    Material Weakness
  • 952432 2019-002
    Material Weakness
  • 952433 2019-003
    Material Weakness
  • 952434 2019-004
    Material Weakness
  • 952435 2019-005
    Material Weakness
  • 952436 2019-006
    Material Weakness
  • 952437 2019-007
    Material Weakness Repeat
  • 952438 2019-008
    Material Weakness
  • 952439 2019-009
    Material Weakness
  • 952440 2019-010
    Material Weakness
  • 952441 2019-011
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
47.050 Geosciences $1.45M
47.080 Office of Cyberinfrastructure $80,192
47.083 Integrative Activities $28,517
47.079 Office of Internal Science and Engineering $13,688
47.070 Computer and Information Science Engineering $9,122
47.070 Computer and Information Science and Engineering $4,346