Finding Text
2022-001 Material Audit Adjustments Federal Program: Organization Wide and Coronavirus State and Local Fiscal Recovery Funds Condition: Material audit adjustments were required to prevent the Organization?s financial statements from being materially misstated. Criteria: During the course of our engagement, we identified material audit adjustments that could have resulted in a material misstatement of the Organization?s financial statements. Questioned Costs: Not applicable. Effect: These material adjustments could have resulted in a material misstatement of the Organization?s financial statements. Cause: Internal controls did not identify that adjustments should be recorded. Recommendation: We recommend the Organization review the current year audit adjustments and attempt to adjust accounts to actual next year end.