FAC Explorer

Finding 519959 (2021-001)

Significant Deficiency Repeat Finding
Requirement
C
Questioned Costs
-
Year
2021
Accepted
2025-01-22
Audit: 339396
Organization: Polaris Project (DC)
Auditor: Lane & Company CPAS

AI Summary

  • Answer: Financial management should prepare for the annual audit by reviewing key financial documents.
  • Trend: Regular assessments of financial readiness can lead to smoother audit processes.
  • List: Key documents to review include the year-end trial balance, general ledger, and supporting schedules.

Finding Text

Recommendation: We recommend that financial management personnel assess the Organization’s state of readiness for the annual independent audit by conducting a thorough review of the year-end trial balance, general ledger and supporting schedules prior to the start of the audit.

Corrective Action Plan

The management of Polaris agrees with the finding and has already adopted and implemented the recommended procedures for a more thorough review and assessment of the Organization's readiness for the annual audit.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 519960 2021-001
    Significant Deficiency Repeat
  • 1096401 2021-001
    Significant Deficiency Repeat
  • 1096402 2021-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.598 Services to Victims of A Severe Form of Trafficking $1.27M