Finding 375998 (2019-010)

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

AI Summary

  • Answer: Management has reported all deficiencies to the Executive Committee for accountability.
  • Trend: There is a focus on reviewing and addressing weaknesses in accounting and internal controls.
  • List: Solutions will be implemented with the Board's approval and the involvement of the new Audit Committee.

Finding Text

The Executive Committee has been informed by Management of all deficiencies for accountability. The reporting of all accounting and internal controls weaknesses is being reviewed and will be remedied with the approval of the Board and newly established Audit Committee.

Corrective Action Plan

CUAHSI considers this finding partially addressed as new hiring has ensured staff with adequate knowledge are positioned in financial roles. Staffing and separation of duties with multi-tier reviews and approvals supports the roles outlined in CUAHSI's Federal Grant Management Policies and Procedures Manual and a yearly financial process review will ensure policies are being followed. CUAHSI will add bank reconciliation processes to the manual. Currently this is an assigned duty to the Accountant with oversight from the Controller, but is not documented in the manual.

Categories

Reporting Internal Control / Segregation of Duties

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
  • 375994 2019-006
    Material Weakness
  • 375995 2019-007
    Material Weakness Repeat
  • 375996 2019-008
    Material Weakness
  • 375997 2019-009
    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