FAC Explorer

Finding 383329 (2023-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-21
Audit: 296522
Organization: Youth Services Network, Inc. (IL)
Auditor: Lucas Group CPAS + Advisors LLC

AI Summary

  • Core Issue: Youth Services Network, Inc. does not separate responsibilities for cash handling and recording, increasing the risk of errors or fraud.
  • Impacted Requirements: This lack of segregation violates internal control standards, which require clear division of duties to ensure accountability.
  • Recommended Follow-Up: Implement a system where different individuals manage cash receipts, disbursements, and record-keeping to enhance oversight and security.

Finding Text

Youth Services Network, Inc. has a lack of segregation of duties over cash receipts and disbursements and the subsequent recording of these transactions in the accounting records.

Corrective Action Plan

Youth Services Network, Inc. has implemented several compensating controls but simply cannot justify the expense of hiring additional staff to reach the standard of segregation of duties suggested.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 383330 2023-001
    Significant Deficiency Repeat
  • 959771 2023-001
    Significant Deficiency Repeat
  • 959772 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.276 Drug-Free Communities Support Program Grants $133,220
93.600 Head Start $70,711
21.027 Coronavirus State and Local Fiscal Recovery Funds $64,120
93.667 Social Services Block Grant $43,058
97.024 Emergency Food and Shelter National Board Program $38,435
10.558 Child and Adult Care Food Program $8,178