Finding Text
Material Audit AdjustmentsIdentification data: Family Violence Prevention and Services/State Domestic Violence Coalitions, Assistance Listing No. 93.591, Agreement
Identifying No. 2201NEFSC6, No. 2301NESDVC, No. 2101NESDC6, and No. 2101NESTC6, and U.S. Department of Health and Human Services – Injury Prevention and Control Research and State and Community Based Programs, Assistance Listing No. 93.136, Agreement Identifying No. NUF2CE002550 and No. NUF2CE002484.
Criteria: SAS 115 requires communication, in writing, to management and those charged with governance, of material weaknesses identified in an audit.
Condition and context: A material audit adjustment was proposed that was not identified by The Coalition’s internal control system. Cause: Management did not identify an adjustment necessary to present the financial statements in accordance with U.S. GAAP. A material audit adjustment was proposed to correct an account balance.
Effect or Potential Effect: The control deficiency is a material weakness that results in a material misstatement of the financial statements that was not prevented, or detected and corrected, on a timely basis.
Identification of a Repeat Finding: New finding.
Recommendation: Management should review the financial statements to ensure all necessary adjustments are made and balances are reflected accurately.
Responsible Official’s Response: Management will review the year-end financial statements to detect and correct any necessary adjustments.