FAC Explorer

Finding 499228 (2022-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2024-09-27
Audit: 322017
Organization: Alternative Structures International (HI)
Auditor: Jay Miyaki CPA LLC

AI Summary

  • Core Issue: Financial statements were materially misstated due to unrecorded journal entries.
  • Impacted Requirements: Adjustments to assets, liabilities, net assets, revenues, and expenses were not made prior to the audit.
  • Recommended Follow-up: Ensure timely identification and recording of necessary adjustments in future financial reporting.

Finding Text

During the course of the audit, we proposed journal entries to record or adjust certain accounts. The material adjustments proposed included adjustments to assets, liabilities, net assets, revenues, and expenses. Alternative Structures International did not identify and make the necessary adjustments to the financial statements before the audit began, thus the financial statements were materially misstated.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.559 Summer Food Service Program for Children $548,783
14.267 Continuum of Care Program $492,832
14.231 Emergency Solutions Grant Program $350,179
93.600 Head Start $202,783
10.912 Environmental Quality Incentives Program $25,200
10.170 Specialty Crop Block Grant Program - Farm Bill $24,276
10.175 Farmers Market and Local Food Promotion Program (b) $16,675