FAC Explorer

Finding 401316 (2022-003)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2024-06-20
Audit: 309391
Organization: Westwood Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over multiple financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: This violates the principle of segregation of duties, which is essential for effective internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages incompatible duties.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to federal programs; cash, inventories, receipts, disbursements, financial reporting, computer systems, School lunch program and journal entries. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 401315 2022-003
    Material Weakness
  • 401317 2022-003
    Material Weakness
  • 977757 2022-003
    Material Weakness
  • 977758 2022-003
    Material Weakness
  • 977759 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.855 Distance Learning and Telemedicine Loans and Grants $457,103
10.555 National School Lunch Program $411,908
10.553 School Breakfast Program $83,881
84.010 Title I Grants to Local Educational Agencies $55,583
84.425 Education Stabilization Fund $47,366
84.358 Rural Education $44,734
84.367 Improving Teacher Quality State Grants $9,341
84.424 Student Support and Academic Enrichment Program $9,064
84.048 Career and Technical Education -- Basic Grants to States $4,353
84.027 Special Education_grants to States $3,838
10.649 Pandemic Ebt Administrative Costs $614