FAC Explorer

Finding 43162 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-11-16
Audit: 44464
Organization: South Central Cooperative (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing concerns about compliance with reporting requirements.
  • List: Follow up by implementing proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the reporting compliance requirement category.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 43157 2022-001
    Material Weakness Repeat
  • 43158 2022-001
    Material Weakness Repeat
  • 43159 2022-001
    Material Weakness Repeat
  • 43160 2022-001
    Material Weakness Repeat
  • 43161 2022-001
    Material Weakness Repeat
  • 619599 2022-001
    Material Weakness Repeat
  • 619600 2022-001
    Material Weakness Repeat
  • 619601 2022-001
    Material Weakness Repeat
  • 619602 2022-001
    Material Weakness Repeat
  • 619603 2022-001
    Material Weakness Repeat
  • 619604 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education_grants to States $169,788
84.425 Education Stabilization Fund $75,485
84.048 Career and Technical Education -- Basic Grants to States $72,084
84.173 Special Education_preschool Grants $15,035