Finding 50136 (2022-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-09-28

AI Summary

  • Issue: One out of fifteen invoices lacked documented approval.
  • Requirement: All invoices must be approved in writing by the president before payment.
  • Follow-up: Ensure all approvals are documented and stored with the invoice to maintain control procedures.

Finding Text

Condition: Approval for one out of a selection of fifteen invoices was not documented. Criteria: Invoices are to be approved by the president prior to payment. Cause: Verbal approvals were given to make payments in a timely fashion but were not followed up with written documentation of the approval. Effect: Internal control procedures for approval were not followed. Recommendation: All approvals should be in writing and the documentation kept with the invoice.

Corrective Action Plan

Recommendation: All invoice approvals should be in writing and the documentation kept with the invoice. Planned Corrective Action: Management agrees with the findings and will review personnel needs with the objective of being able to better support the office staff and perform monitoring activities.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 50137 2022-002
    Material Weakness
  • 626578 2022-001
    Material Weakness
  • 626579 2022-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
11.011 Ocean Exploration $4.40M
11.429 Marine Sanctuary Program $694,812