FAC Explorer

Finding 513468 (2024-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2024-12-08
Audit: 331352
Organization: Aiken County Commission on Alcohol and Drug Abuse (SC)
Auditor: Phillips CPAS and Advisors

AI Summary

  • Answer: There's a problem with how accounting duties are divided, allowing the same person to handle both assets and records.
  • Trend: This lack of separation increases the risk of errors or fraud in financial transactions.
  • List: We recommend implementing clear divisions of responsibilities to enhance oversight and accountability.

Finding Text

THERE IS A LACK OF SEGREGATION OF ACCOUNTING DUTIES THAT ENABLES THE SAME INDIVIDUALS TO HAVE ACCESS TO BOTH PHYSICAL ASSETS AND THE RELATED ACCOUNTING RECORDS OR TO ALL PHASES OF A TRANSACTION.

Corrective Action Plan

THE DUTIES WILL BE SEGREGATED AS MUCH AS POSSIBLE AND THE BOARD OF COMMISSIONERS WILL REMAIN INVOLVED IN REVIEWING THE FINANCIAL STATEMENTS OF THE COMMISSION.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 513469 2024-001
    Significant Deficiency Repeat
  • 513470 2024-001
    Significant Deficiency Repeat
  • 513471 2024-001
    Significant Deficiency Repeat
  • 513472 2024-001
    Significant Deficiency Repeat
  • 1089910 2024-001
    Significant Deficiency Repeat
  • 1089911 2024-001
    Significant Deficiency Repeat
  • 1089912 2024-001
    Significant Deficiency Repeat
  • 1089913 2024-001
    Significant Deficiency Repeat
  • 1089914 2024-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.788 Opioid Str $170,694
93.243 Substance Abuse and Mental Health Services Projects of Regional and National Significance $61,156
21.027 Coronavirus State and Local Fiscal Recovery Funds $25,562
93.959 Block Grants for Prevention and Treatment of Substance Abuse $3,000