FAC Explorer

Finding 401837 (2021-001)

Material Weakness Repeat Finding
Requirement
ABCEFGHIJLMNP
Questioned Costs
-
Year
2021
Accepted
2024-06-25
Audit: 309748
Organization: Aging Projects, Inc. (KS)
Auditor: Daniel L Drake CPA P A

AI Summary

  • Answer: There is a lack of proper segregation of duties in the accounting system.
  • Trend: This issue can lead to increased risk of errors or fraud.
  • List: Review roles and responsibilities, implement checks and balances, and ensure compliance with best practices.

Finding Text

Proper segregation of duties does not exist in the accounting system

Corrective Action Plan

The size of the Organization prohibits hiring additional personnel. Duties have always been segregated where possible and currently another staff person is being trained in recording and summarizing transactions to further break out duties. The Board of Directors is involved where possible.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 401838 2021-001
    Material Weakness Repeat
  • 401839 2021-002
    Material Weakness Repeat
  • 401840 2021-002
    Material Weakness Repeat
  • 401841 2021-003
    Material Weakness
  • 401842 2021-003
    Material Weakness
  • 978279 2021-001
    Material Weakness Repeat
  • 978280 2021-001
    Material Weakness Repeat
  • 978281 2021-002
    Material Weakness Repeat
  • 978282 2021-002
    Material Weakness Repeat
  • 978283 2021-003
    Material Weakness
  • 978284 2021-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $928,990
10.558 Child and Adult Care Food Program $430,511