Finding Text
Finding Summary: In connection with the audit procedures performed, audit adjustments were
required to properly reflect: 1) accounts receivable and revenue, and 2)
construction in progress and the amounts payable related to the construction at
year‐end. The Organization’s system of internal controls did not include controls to
apply cutoff in the affected areas and properly reflect certain transactions in the
financial statements. The Organization’s system of internal control over the
preparation of the financial statements did not detect errors.
Responsible Individuals: Christa Beauchat, Chief Financial Officer
Corrective Action Plan: Management is revising its processes to address the areas with audit adjustments to
ensure they are not repeated in the future, including a more detailed and thorough
review (by management) of account balances prior to the audit.
Anticipated Completion Date: 04/30/2024