Finding 411732 (2022-009)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-30

AI Summary

  • Answer: Increased cash monitoring was implemented in September 2022 to address potential risks.
  • Trend: This move reflects a growing concern over cash handling and fraud prevention in financial operations.
  • List: Follow up on the effectiveness of monitoring measures, review compliance with cash handling policies, and assess any changes in cash-related incidents.

Finding Text

2022-09 Heightened Cash monitoring

Corrective Action Plan

Finding 2022-09 Heightened Cash Monitoring - see corrective action plan submitted with the audit report.

Categories

Subrecipient Monitoring

Other Findings in this Audit

  • 411723 2022-001
    Material Weakness
  • 411724 2022-002
    Material Weakness
  • 411725 2022-004
    Material Weakness
  • 411726 2022-005
    Material Weakness
  • 411727 2022-008
    Material Weakness
  • 411728 2022-003
    Material Weakness
  • 411729 2022-007
    Material Weakness
  • 411730 2022-005
    Material Weakness
  • 411731 2022-007
    Material Weakness
  • 988165 2022-001
    Material Weakness
  • 988166 2022-002
    Material Weakness
  • 988167 2022-004
    Material Weakness
  • 988168 2022-005
    Material Weakness
  • 988169 2022-008
    Material Weakness
  • 988170 2022-003
    Material Weakness
  • 988171 2022-007
    Material Weakness
  • 988172 2022-005
    Material Weakness
  • 988173 2022-007
    Material Weakness
  • 988174 2022-009
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $908,660
84.063 Federal Pell Grant Program $323,512
84.425 Education Stabilization Fund $224,906