FAC Explorer

Finding 502670 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-10-14
Audit: 324687
Organization: Centerville Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical areas like cash and journal entries, which can lead to risks of fraud or errors.
  • Impacted Requirements: This situation violates the principle of segregation of duties, essential for effective internal controls.
  • Recommended Follow-Up: Review and adjust responsibilities to ensure that no single employee manages incompatible duties.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to federal programs; cash, investments, receipts and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 502669 2023-002
    Material Weakness Repeat
  • 502671 2023-002
    Material Weakness Repeat
  • 1079111 2023-002
    Material Weakness Repeat
  • 1079112 2023-002
    Material Weakness Repeat
  • 1079113 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $435,960
84.010 Title I Grants to Local Educational Agencies $433,785
10.553 School Breakfast Program $83,239
84.027 Special Education_grants to States $66,088
84.367 Improving Teacher Quality State Grants $62,458
84.358 Rural Education $53,304
84.424 Student Support and Academic Enrichment Program $30,478
84.048 Career and Technical Education -- Basic Grants to States $24,643
84.425 Education Stabilization Fund $9,076
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $5,314