Finding 384634 (2023-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-26

AI Summary

  • Core Issue: The Local Area lacks effective internal controls for accurate financial report preparation.
  • Impacted Requirements: This situation violates the Workforce Development Administration's criteria for maintaining proper records and accounts.
  • Recommended Follow-Up: Implement review procedures to ensure reports align with accounting records.

Finding Text

Condition During our audit we found that the Local Area does not have effective system internal control to ensure the accurate preparation of the financial reports of the program. We noted the following situation: Criteria The Workforce Development Administration states that the Local Area shall establish and maintain a system of records, books, and accounts in a manner satisfactory for each program. Cause The Local Area did not maintain an adequate internal control to assure the reports are accurately prepared in order to assure that the information reported is in accordance with the accounting records. Effect The Local Area is not in compliance with the requirements established by the Workforce Development Administration. Recommendation We recommend the Local Area should implement review procedures in order to ensure that the reports are in accordance with the accounting records. Questioned Costs None

Corrective Action Plan

March 18, 2024 Cognizant or Oversight Agency for Audit: Local Area of Workforce Development Mayagüez-Las Marías respectfully submits the following corrective action plan for the year ended June 30, 2023. Name and address of independent public accounting firm: Ortiz, Rivera, Rivera & Co.LLC, Suite 152, PO Box 70250, San Juan, Puerto Rico 00936-7250. Audit period: Fiscal year ended June 30, 2023. The findings from the June 30, 2023 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS - FEDERAL AWARD PROGRAM AUDITS, DEPARTMENT OF LABOR Finding 2023-001: WIOA Cluster-WIOA Adult Program-CFDA No 17.258, WIOA Youth Activities-CFDA 17.259, Dislocated Worker Formula Grant-CFDA 17.278 Reportable Condition: See Condition 2023-001 Recommendation We recommended the Local Area should implement review procedures in order to ensure that the reports are in accordance with the accounting records. Action Taken We bacame aware of this situation while gathering all the information (documentation) necessary to begin the audit work, and immediately procced to identify the transaction that caused the situation. We found that it arose as an error at the time of registering the transacttion in the MIP accounting system which allowed the wrong year to be selected for the effective date of the transaction. We promptly procceded to correct the effective date of the transacion so that it was recorded in the correxted period. In Addition, we corroborated that the amount of the transaction had been included in the Funding Reuest Report for the dislocated workers program and that these funds had ee transferred to the local area. Its is important to mention that the Finance Department is taking action to reinforce its current procedures, and the Finance Director has instructed the accountant to review all financial reports prior to their submission so that the information presented its free of errors. IN fact, a work plan was prepared for all employees inthe finance department, in which it is established that this task must be performed on a weekly basis. aslo, we browsed around the MIP system's help tab for a way to detect this kind of error immediately and found that the MIP system's organization preference's tab "entry dates"can be modified so that is does not allow, by issuing an alert, the recording or transactions dated prior or after the current period (as show in the image below). These changes will be implemented prospectively in order to prevent the situation form recurring. The following documents are included as part of this corrective action plan. 1) The corrected transaction posted, 2. Copy of meeting attendance form. 3) Copy of letter from the excecutive director with instructions. If the COgnizant or Oversigth Agency for Audit has question regarding this plan, please call at 787-834-8010 ext. 2403.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 961076 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
17.278 Wia Dislocated Worker Formula Grants $1.72M
17.259 Wia Youth Activities $906,173
17.258 Wia Adult Program $816,987