FAC Explorer

Finding 500179 (2023-001)

- Repeat Finding
Requirement
ABELM
Questioned Costs
-
Year
2023
Accepted
2024-09-30
Audit: 323021
Organization: North Georgia Angel House Inc. (GA)
Auditor: Murphy CPA Group

AI Summary

  • Answer: Segregation of employee duties is essential for strong internal controls.
  • Trend: Lack of clear policies can lead to increased risk of errors or fraud.
  • List: Review and implement policies to ensure proper segregation of financial duties.

Finding Text

Segregation of employee duties is a necessary concept in an effective internal control structure. Policies and procedures should be in place that require the segregation of certain financial duties.

Corrective Action Plan

This has the potential to be a recurring item. Due to the size of the Organization’s administration team, total segregation of duties is not practical at this time. The Board will continue to be closely involved in financial reporting and will continue to provide oversight as practical in order to mitigate the risk of misappropriation of assets

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
93.658 Foster Care Title IV-E $925,746