Finding 392474 (2023-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-04-07
Audit: 302783
Auditor: Dmjps PLLC

AI Summary

  • Core Issue: Lack of formal policies for payroll approval increases the risk of errors and fraud.
  • Impacted Requirements: Internal control procedures over payroll are insufficient to provide reasonable assurance against fraud or error.
  • Recommended Follow-Up: Formalize and monitor internal control procedures for payroll approval to mitigate risks.

Finding Text

Criteria: Internal control procedures over payroll provide reasonable assurance regarding reduced opportunity for fraud or error in recording payroll. Condition: During internal controls testing for payroll, we noted that there are no formal policies in place for approval of payroll before it is submitted. Effect: Barium Springs Home for Children runs the risk of employees committing errors or potential fraud with payroll. Cause: Formal internal control procedures are not in place that would prevent or detect fraud. Recommendation: We encourage the Organization to formalize internal control procedures for the payroll approval process and to monitor those procedures. Views of responsible officials and planned corrective actions: Management of Barium Springs Home for Children agrees with this finding. Management of Barium Springs Home for Children will formalize internal control procedures related to approval of payroll prior to submission. Management will monitor those procedures to ensure they are performed.

Corrective Action Plan

Finding: 2023-001 Name of contact person: Celeste Dominguez, President and CEO Corrective Action: Management of Barium Springs Home for Children will establish formal internal controls procedures related to the approval of payroll prior to its submission. Management will monitor those procedures to ensure they are performed. Proposed Completion Date: Immediately.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 392475 2023-002
    Material Weakness
  • 968916 2023-001
    Significant Deficiency
  • 968917 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.556 Promoting Safe and Stable Families $422,045
93.870 Maternal, Infant and Early Childhood Home Visiting Grant $18,120