FAC Explorer

Finding 517916 (2023-003)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2025-01-07
Audit: 336179
Organization: Afghan Medical Professionals Association of America (VA)
Auditor: Terra Business Solutions

AI Summary

  • Issue: There is a lack of proper separation of responsibilities, increasing the risk of errors or fraud.
  • Trend: This problem is becoming more common as organizations streamline processes without ensuring adequate checks and balances.
  • Recommendation: Implement clear roles and responsibilities to ensure that no single individual has control over all aspects of a transaction.

Finding Text

Absent or Inadequate Segregation of Duties

Corrective Action Plan

The CFO will handle all financial operations with the Treasurer and third-party non-auditor CPA reviewing on a monthly basis. A board member compliance position has been added to ensure internal control guidelines are met and reports the results to the board. Additionally, the following actions will be taken:

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 517914 2023-001
    Significant Deficiency
  • 517915 2023-002
    Significant Deficiency
  • 517917 2023-004
    Material Weakness
  • 517918 2023-005
    Material Weakness
  • 517919 2023-006
    Material Weakness
  • 517920 2023-007
    Material Weakness
  • 1094356 2023-001
    Significant Deficiency
  • 1094357 2023-002
    Significant Deficiency
  • 1094358 2023-003
    Material Weakness
  • 1094359 2023-004
    Material Weakness
  • 1094360 2023-005
    Material Weakness
  • 1094361 2023-006
    Material Weakness
  • 1094362 2023-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.U93 Refugee and Entrant Assistance- State/replacement Designee-Administered Programs Grant $1.48M