FAC Explorer

Finding 52111 (2022-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-02-15
Audit: 47193
Organization: City of Marion (IA)
Auditor: Hogan-Hansen PC

AI Summary

  • Answer: There is a lack of proper segregation of duties in managing federal revenue and expenditures.
  • Trend: This issue could lead to increased risk of errors or fraud in financial reporting.
  • List: Recommend implementing clear roles and responsibilities to ensure checks and balances are in place.

Finding Text

Segregation of duties over federal revenue and expenditures.

Corrective Action Plan

The City is aware of the lack of segregation of duties and will consider alternatives to improve this situation.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 52112 2022-001
    Material Weakness Repeat
  • 52113 2022-001
    Material Weakness Repeat
  • 52114 2022-001
    Material Weakness Repeat
  • 52115 2022-001
    Material Weakness Repeat
  • 52116 2022-001
    Material Weakness Repeat
  • 628553 2022-001
    Material Weakness Repeat
  • 628554 2022-001
    Material Weakness Repeat
  • 628555 2022-001
    Material Weakness Repeat
  • 628556 2022-001
    Material Weakness Repeat
  • 628557 2022-001
    Material Weakness Repeat
  • 628558 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.205 Highway Planning and Construction $1.22M
16.922 Equitable Sharing Program $8,293