Answer: The agency is not preparing its own annual financial statements or note disclosures.
Trend: This practice may lead to inconsistencies and potential compliance issues over time.
List: Recommend establishing a process for the agency to prepare its own financial statements and disclosures to ensure accuracy and accountability.
Finding Text
The agency does not prepare its annual financial statements or note disclosures. The Agency staff works with the auditor in the preparation and subsequently reviews and approves the financial statemetns and note disclosures before issuance.
Corrective Action Plan
Although multiple attempts were made between 2015-2019 to acquire an outside CPA to conduct this funciton, we have found the expertise locally unavailable due to unwillingness of local CPAs to do this work.