FAC Explorer

Finding 50405 (2022-006)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-02-16
Audit: 42921
Organization: Fremont County School District No. 14 (WY)
Auditor: Summit West CPA Group PC

AI Summary

  • Core Issue: Insufficient segregation of duties in accounting and bookkeeping due to limited staff at the start of the year.
  • Impacted Requirements: Proper assignment of accounting tasks to different individuals is necessary to ensure asset protection and accurate financial reporting.
  • Recommended Follow-Up: Monitor the effectiveness of new hires to ensure adequate segregation of duties moving forward.

Finding Text

SIGNIFICANT DEFICIENCIES FINDING 2022-006 - SEGREGATION OF DUTIES Program information This finding applies to all federal awards. Repeat Finding from Prior Year Yes Condition The number of employees performing accounting and bookkeeping duties in the beginning of the year was not sufficient to provide an adequate segregation of duties. Criteria Circumstances permitting, accounting and bookkeeping duties should be assigned to different individuals to promote safeguarding of assets and accuracy of financial information. Context Noted throughout the finding. Cause The District has limited resources that minimize the possibility to segregate the functions within the business office and was in the process of hiring and filling positions to mitigate the associated risks. The positions were filled but during the beginning of the audit period there was a period when this risk was present. Effect Because of the limited number of individuals involved in the accounting and bookkeeping functions, there is a greater risk that assets will not be properly safeguarded and that errors in financial information will occur and not be detected in a timely manner. This was only applicable to the beginning of the audit period before hires were made. Questioned Costs Not applicable Sampling Method Not applicable Recommendation None at this time given adequate hires have been made. Response and Views of Responsible Officials See corrective action plan.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 50372 2022-005
    Material Weakness
  • 50373 2022-006
    Significant Deficiency Repeat
  • 50374 2022-005
    Material Weakness
  • 50375 2022-006
    Significant Deficiency Repeat
  • 50376 2022-005
    Material Weakness
  • 50377 2022-006
    Significant Deficiency Repeat
  • 50378 2022-005
    Material Weakness
  • 50379 2022-006
    Significant Deficiency Repeat
  • 50380 2022-005
    Material Weakness
  • 50381 2022-006
    Significant Deficiency Repeat
  • 50382 2022-005
    Material Weakness
  • 50383 2022-006
    Significant Deficiency Repeat
  • 50384 2022-005
    Material Weakness
  • 50385 2022-006
    Significant Deficiency Repeat
  • 50386 2022-005
    Material Weakness
  • 50387 2022-006
    Significant Deficiency Repeat
  • 50388 2022-005
    Material Weakness
  • 50389 2022-006
    Significant Deficiency Repeat
  • 50390 2022-005
    Material Weakness
  • 50391 2022-006
    Significant Deficiency Repeat
  • 50392 2022-005
    Material Weakness
  • 50393 2022-006
    Significant Deficiency Repeat
  • 50394 2022-005
    Material Weakness
  • 50395 2022-006
    Significant Deficiency Repeat
  • 50396 2022-005
    Material Weakness
  • 50397 2022-006
    Significant Deficiency Repeat
  • 50398 2022-005
    Material Weakness
  • 50399 2022-006
    Significant Deficiency Repeat
  • 50400 2022-005
    Material Weakness
  • 50401 2022-006
    Significant Deficiency Repeat
  • 50402 2022-005
    Material Weakness
  • 50403 2022-006
    Significant Deficiency Repeat
  • 50404 2022-005
    Material Weakness
  • 50406 2022-005
    Material Weakness
  • 50407 2022-006
    Significant Deficiency Repeat
  • 50408 2022-005
    Material Weakness
  • 50409 2022-006
    Significant Deficiency Repeat
  • 50410 2022-005
    Material Weakness
  • 50411 2022-006
    Significant Deficiency Repeat
  • 50412 2022-005
    Material Weakness
  • 50413 2022-006
    Significant Deficiency Repeat
  • 50414 2022-005
    Material Weakness
  • 50415 2022-006
    Significant Deficiency Repeat
  • 50416 2022-005
    Material Weakness
  • 50417 2022-006
    Significant Deficiency Repeat
  • 626814 2022-005
    Material Weakness
  • 626815 2022-006
    Significant Deficiency Repeat
  • 626816 2022-005
    Material Weakness
  • 626817 2022-006
    Significant Deficiency Repeat
  • 626818 2022-005
    Material Weakness
  • 626819 2022-006
    Significant Deficiency Repeat
  • 626820 2022-005
    Material Weakness
  • 626821 2022-006
    Significant Deficiency Repeat
  • 626822 2022-005
    Material Weakness
  • 626823 2022-006
    Significant Deficiency Repeat
  • 626824 2022-005
    Material Weakness
  • 626825 2022-006
    Significant Deficiency Repeat
  • 626826 2022-005
    Material Weakness
  • 626827 2022-006
    Significant Deficiency Repeat
  • 626828 2022-005
    Material Weakness
  • 626829 2022-006
    Significant Deficiency Repeat
  • 626830 2022-005
    Material Weakness
  • 626831 2022-006
    Significant Deficiency Repeat
  • 626832 2022-005
    Material Weakness
  • 626833 2022-006
    Significant Deficiency Repeat
  • 626834 2022-005
    Material Weakness
  • 626835 2022-006
    Significant Deficiency Repeat
  • 626836 2022-005
    Material Weakness
  • 626837 2022-006
    Significant Deficiency Repeat
  • 626838 2022-005
    Material Weakness
  • 626839 2022-006
    Significant Deficiency Repeat
  • 626840 2022-005
    Material Weakness
  • 626841 2022-006
    Significant Deficiency Repeat
  • 626842 2022-005
    Material Weakness
  • 626843 2022-006
    Significant Deficiency Repeat
  • 626844 2022-005
    Material Weakness
  • 626845 2022-006
    Significant Deficiency Repeat
  • 626846 2022-005
    Material Weakness
  • 626847 2022-006
    Significant Deficiency Repeat
  • 626848 2022-005
    Material Weakness
  • 626849 2022-006
    Significant Deficiency Repeat
  • 626850 2022-005
    Material Weakness
  • 626851 2022-006
    Significant Deficiency Repeat
  • 626852 2022-005
    Material Weakness
  • 626853 2022-006
    Significant Deficiency Repeat
  • 626854 2022-005
    Material Weakness
  • 626855 2022-006
    Significant Deficiency Repeat
  • 626856 2022-005
    Material Weakness
  • 626857 2022-006
    Significant Deficiency Repeat
  • 626858 2022-005
    Material Weakness
  • 626859 2022-006
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.041 Impact Aid $5.27M
84.060 Indian Education_grants to Local Educational Agencies $227,336
84.027 Special Education_grants to States $212,581
84.010 Title I Grants to Local Educational Agencies $177,101
84.425 Education Stabilization Fund $140,135
10.553 School Breakfast Program $75,259
10.555 National School Lunch Program $39,441
84.367 Improving Teacher Quality State Grants $36,675
15.130 Indian Education_assistance to Schools $28,391
10.582 Fresh Fruit and Vegetable Program $17,192
84.173 Special Education_preschool Grants $10,163
10.558 Child and Adult Care Food Program $476