Finding 49572 (2022-011)

Material Weakness Repeat Finding
Requirement
F
Questioned Costs
$1
Year
2022
Accepted
2023-09-24

AI Summary

  • Answer: The audit revealed discrepancies in financial reporting that need addressing.
  • Trend: Similar issues have been noted in previous audits, indicating a recurring problem.
  • List: Follow up by reviewing the Schedule of Findings and implementing corrective actions to prevent future occurrences.

Finding Text

See Schedule of Findings and Questioned Costs Table

Corrective Action Plan

Management of the Chosen Ones will develop processes of controls to properly authorize new asset purchases, maintain those assets, track, and dispose of the assets by developing a unform policy for capitalization of assets over a specific threshold and logging them into an asset detail worksheet by notifying their auditor or accounting department of the new or disposed asset.

Categories

Questioned Costs

Other Findings in this Audit

  • 49568 2022-007
    Material Weakness Repeat
  • 49569 2022-008
    Significant Deficiency
  • 49570 2022-009
    Material Weakness Repeat
  • 49571 2022-010
    Significant Deficiency
  • 49573 2022-012
    Material Weakness Repeat
  • 49574 2022-013
    Significant Deficiency
  • 626010 2022-007
    Material Weakness Repeat
  • 626011 2022-008
    Significant Deficiency
  • 626012 2022-009
    Material Weakness Repeat
  • 626013 2022-010
    Significant Deficiency
  • 626014 2022-011
    Material Weakness Repeat
  • 626015 2022-012
    Material Weakness Repeat
  • 626016 2022-013
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.231 Emergency Solutions Grant Program $716,123
93.568 Low-Income Home Energy Assistance $106,724