FAC Explorer

Finding 520882 (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.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 520881 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