FAC Explorer

Finding 520881 (2024-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-01-31
Audit: 340734
Organization: Youth Services Network, Inc. (IL)
Auditor: Lucas Group CPAS + Advisors PLLC

AI Summary

  • Core Issue: Youth Services Network, Inc. does not separate responsibilities for cash handling and recording, increasing the risk of errors or fraud.
  • Impacted Requirements: This lack of segregation violates internal control standards, which require clear division of duties to ensure accountability.
  • Recommended Follow-Up: Implement a system where different individuals manage cash receipts, disbursements, and record-keeping to enhance oversight and security.

Finding Text

Youth Services Network, Inc. has a lack of segregation of duties over cash receipts and disbursements and the subsequent recording of these transactions in the accounting records.

Corrective Action Plan

Youth Services Network, Inc. has implemented several compensating controls but simply cannot justify the expense of hiring additional staff to reach the standard of segregation of duties suggested.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 520882 2024-001
    Significant Deficiency Repeat
  • 1097323 2024-001
    Significant Deficiency Repeat
  • 1097324 2024-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.276 Drug-Free Communities Support Program Grants $122,108
93.600 Head Start $75,074
93.623 Basic Center Grant $57,538
93.667 Social Services Block Grant $40,266
97.024 Emergency Food and Shelter National Board Program $20,210
10.558 Child and Adult Care Food Program $6,501