Finding 499612 (2023-001)

Significant Deficiency Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2024-09-30

Audit: 322470

Organization: Fox-Wolf Watershed Alliance INC (WI)

Auditor: Erickson & Associates Sc

AI Summary

Core Issue: A small team handles most bookkeeping and accounting tasks, which may lead to risks in oversight and accuracy.
Impacted Requirements: This setup could violate internal controls and segregation of duties, increasing the chance of errors or fraud.
Recommended Follow-Up: Consider hiring additional staff or implementing checks to ensure proper oversight and balance in accounting functions.

Finding Text

The Organization has a limited number of personnel that are responsible for and perform substantially all of the bookkeeping and accounting functions.

Corrective Action Plan

The Organization has evaluated the cost/benefit of hiring additional support staff to achieve proper separation of duties and at this point it is not possible due to budget constraints.

Other Findings in this Audit

499613 2023-001

Significant Deficiency Repeat
499614 2023-001

Significant Deficiency Repeat
499615 2023-001

Significant Deficiency Repeat
1076054 2023-001

Significant Deficiency Repeat
1076055 2023-001

Significant Deficiency Repeat
1076056 2023-001

Significant Deficiency Repeat
1076057 2023-001

Significant Deficiency Repeat

Programs in Audit

ALN	Program Name	Expenditures
10.937	Partnerships for Climate-Smart Commodities	$59,597
10.902	Soil and Water Conservation	$58,380
66.469	Geographic Programs - Great Lakes Restoration Initiative	$49,422
15.662	Great Lakes Restoration	$30,000
15.658	Natural Resource Damage Assessment and Restoration	$1,422