Finding Text
Per 2 CFR 200.303, guidance requires non-Federal entities to, among other things, establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. Effective internal controls should include establishing and maintaining adequate controls over the accuracy of financial reports required for the program. Condition and Context In preparing to report for Period 2 and Period 3 Provider Relief Funds (PRF) on the portal, management had not established adequate internal control procedures and documentation to ensure the accuracy of lost revenues reported in accordance with federal regulations. Cause and Effect/Potential Effect Management did not have appropriate and sufficient review controls in place during the fiscal year to ensure the accuracy of reporting of Period 2 and Period 3 Provider Relief Funds on the portal.