Finding 375994 (2019-006)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2019
Accepted
2024-03-13

AI Summary

  • Answer: CUAHSI replaced its external finance team with in-house staff after the audit period.
  • Trend: This shift occurred in September and October 2023, indicating a move towards internal management of financial tasks.
  • List: A SEFA was produced and sent to auditors on December 4, 2023, demonstrating timely financial reporting post-transition.

Finding Text

Subsequent to year end of the audit period, CUAHSI replaced the contracted external finance team with two full-time CUAHSI employees and one part-time employee (these staff were hired in September and October of 2023). After this personnel change, CUAHSI was able to produce a SEFA (sent to the auditors via email December 4th, 2023).

Corrective Action Plan

We consider this finding to be addressed with the replacement of contract staff with new CUAHSI employees (as of September, 2023) with the skills, knowledge, and experience to support single audit preparation. CUAHSI had engaged with an external contract financial team that failed to complete necessary preparation for the required 2019 single audit, including the preparation of an accurate SEFA. Subsequent to year end of the audit period, CUAHSI replaced the contracted external finance team with two full-time CUAHSI employees and one part-time employee (these staff were hired in September and October of 2023). After this personnel change, CUAHSI was able to produce a SEFA (sent to the auditors via email December 4th, 2023) of which the auditor could render an opinion for the year ended 2019.

Categories

Reporting

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
  • 375993 2019-005
    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