FAC Explorer

Finding 394058 (2022-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-04-22
Audit: 304170
Organization: Agape Community Health Center, Inc. (FL)
Auditor: Darryl R Jackson CPA P A

AI Summary

  • Answer: General ledger balances are not being reconciled promptly with subsidiary ledgers, risking inaccuracies in financial statements.
  • Trend: Increased turnover in accounting staff and COVID-19 constraints have contributed to these reconciliation delays.
  • List: Follow up by implementing a reconciliation schedule and providing additional training or resources for accounting personnel.

Finding Text

Condition/Criteria: General ledger account balances should be reconciled to subsidiary ledgers and supporting documentation in a timely manner to ensure the accuracy and completeness of the financial statements. Cause: The Organization experienced an increase in turnover of accounting personnel in addition to constraints arising as a result of COVID-19. Effect: The Organization’s financial statements could be misstated due to errors not detected and/or corrected in a timely manner. This also resulted in several audit adjustments.

Corrective Action Plan

Actions Planned: The Organization will hire appropriate accounting personnel necessary to operate the finance departmental activities. General ledger accounts will be accurately reconciled to appropriate subsidiary ledgers and/or supporting documentation, and all discrepancies should be investigated and resolved on a routine basis. With an increase in staffing the department, day-to-day processing and reconciliation of general ledger accounts will be conducted, with oversight from department leadership.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 394059 2022-002
    Significant Deficiency Repeat
  • 394060 2022-003
    Significant Deficiency
  • 394061 2022-004
    Significant Deficiency
  • 394062 2022-005
    Significant Deficiency Repeat
  • 970500 2022-001
    Significant Deficiency
  • 970501 2022-002
    Significant Deficiency Repeat
  • 970502 2022-003
    Significant Deficiency
  • 970503 2022-004
    Significant Deficiency
  • 970504 2022-005
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.224 Consolidated Health Centers (community Health Centers, Migrant Health Centers, Health Care for the Homeless, and Public Housing Primary Care) $1.48M
93.527 Affordable Care Act (aca) Grants for New and Expanded Services Under the Health Center Program $681,332