Finding 394667 (2020-018)

Material Weakness
Requirement
N
Questioned Costs
-
Year
2020
Accepted
2024-04-25

AI Summary

  • Core Issue: The Fayetteville Housing Authority's attorney did not respond to auditor inquiries regarding pending litigation.
  • Impacted Requirements: Failure to disclose potential litigation could affect the accuracy of financial statements.
  • Recommended Follow-Up: Ensure the Housing Authority obtains a timely response from their attorney to address the audit request.

Finding Text

2020-018 Unresponsive Attorney Criteria: An attorney for a Housing Authority is required to respond to auditor inquiries on behalf of the Housing Authority. Condition: During our audit we requested a description of any and all material pending or threatened litigation, claims and assessments (excluding unasserted claims and assessments). Questioned Costs: Unknown Effect: The Fayetteville Housing Authority may be subject to pending or actual litigation which should be disclosed in the notes to the financial statements. Cause: Fayetteville Housing Authority management did not ensure a response from their attorney. Recommendation: We recommend that the Fayetteville Housing Authority properly obtain the requested response from its attorney.

Corrective Action Plan

Views of Responsible Officials and Planned Corrective Actions: Fayetteville Housing Authority will immediately contact the attorney and solicit the required response. Responsible Party: Audra Butler, Interim Deputy Director. Timeline: 12/31/2021.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 394650 2020-001
    Material Weakness
  • 394651 2020-002
    Material Weakness
  • 394652 2020-003
    Material Weakness
  • 394653 2020-004
    Material Weakness
  • 394654 2020-005
    Material Weakness
  • 394655 2020-006
    Material Weakness
  • 394656 2020-007
    Material Weakness
  • 394657 2020-008
    Material Weakness
  • 394658 2020-009
    Material Weakness
  • 394659 2020-010
    Material Weakness
  • 394660 2020-011
    Material Weakness
  • 394661 2020-012
    Material Weakness
  • 394662 2020-013
    Material Weakness
  • 394663 2020-014
    Material Weakness
  • 394664 2020-015
    Material Weakness
  • 394665 2020-016
    Material Weakness
  • 394666 2020-017
    Material Weakness
  • 971092 2020-001
    Material Weakness
  • 971093 2020-002
    Material Weakness
  • 971094 2020-003
    Material Weakness
  • 971095 2020-004
    Material Weakness
  • 971096 2020-005
    Material Weakness
  • 971097 2020-006
    Material Weakness
  • 971098 2020-007
    Material Weakness
  • 971099 2020-008
    Material Weakness
  • 971100 2020-009
    Material Weakness
  • 971101 2020-010
    Material Weakness
  • 971102 2020-011
    Material Weakness
  • 971103 2020-012
    Material Weakness
  • 971104 2020-013
    Material Weakness
  • 971105 2020-014
    Material Weakness
  • 971106 2020-015
    Material Weakness
  • 971107 2020-016
    Material Weakness
  • 971108 2020-017
    Material Weakness
  • 971109 2020-018
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.872 Public Housing Capital Fund $2.89M
14.850 Public and Indian Housing $81,392
14.871 Section 8 Housing Choice Vouchers $20,347