Finding Text
Finding 2024-001 Documentation of Supervisory Review of Financial Reports
Federal Agency: U.S. Department of Health and Human Services
Program Title: Strengthening Public Health Systems and Services through National Partnerships to Improve and Protect the Nation's Health
Assistance Listing Number: 93.421
Compliance Requirement: Reporting
Description: The Foundation did not maintain documentation to evidence the supervisory review of COVID-19 financial reports.
Criteria: Knowledgeable supervisors review and approve reports for completeness and accuracy, including comparing to source documentation and any reconciliations between source data to final reporting prior to submission.
Condition: We noted the Vice President of Finance submits the COVID-19 financial reports but documentation of a supervisory review or review by the Vice President of Finance prior to submission is not maintained.
Cause: Lack of formal approval process.
Effect: Errors could be made and not detected.
Questioned Cost: None
Recommendation: We recommend the Foundation review its federal grant reporting procedures and documentation to ensure that either manually or electronically documentation evidencing the review of final reports by a person other than the person that prepared them is maintained.
Management Response: The Foundation concurs with this finding.
Corrective Action Plan: See attached management’s corrective action plan.