Finding Text
2022-001 ? Closing Processes Program: All Programs Criteria or Specific Requirement: The Museum is required to maintain adequate controls over financial reporting, Condition: During the year staff changes prevented the timely billings, closing and reconciliation of the accounting records. Monthly billings and reconciliations between the subledgers and general ledger were not performed during some months of the year. Cause: Several accounting positions were not fully staffed during the year. Effect: The lack of a regular billing, closing and reconciliation of the financial records increases the possibility that intentional or unintentional errors could be made and not detected. Questioned Costs: There were no questioned costs. View of the responsible official and planned corrective action: The Museum agrees with the finding and will adhere to the corrective action plan show on page 29.