FAC Explorer

Finding 499614 (2023-001)

Significant Deficiency Repeat Finding
Requirement
P
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.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 499612 2023-001
    Significant Deficiency Repeat
  • 499613 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