Finding Text
2023-002 Inadequate Documentation of the Components of Internal Control Criteria: The components of internal control and the related processes should be clearly documented and all employees should be aware of them. Condition: Although functioning controls are in place they have not been documented. Effect: There is a risk that G;ontrols may become ineffective due to staff turnover or deterioration of processes. Cause: The limited staff of WAID has precluded them from documenting control procedures. Identification of a repeat finding: This is a repeat finding from the June 30, 2021 audit. Recommendation: Document existing control policies and procedures. Management's Response: WAID agrees with this finding and will adhere to the corrective action plan detailed in the following section.