Answer: Implement a control procedure to ensure grant funds used match accounting records with federal award reports.
Trend: Consistent discrepancies between accounting records and federal reporting can lead to compliance issues.
List: Follow up by developing the reconciliation process and training staff on its importance.
Finding Text
Recommendation: Established a control procedure that reconciles the grant funds utilized as reflected in the accounting records to that being reported on the Use of Federal Awards.
Corrective Action Plan
Management agrees with the finding and will establish the recommended control procedure.