FAC Explorer

Finding 528134 (2024-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-03-14
Audit: 346200
Organization: Williamsburg Area Improved Dwellings, Inc. (PA)
Auditor: Fiore Fedeli Snyder Carthers LLP

AI Summary

  • Core Issue: Internal controls are in place but lack proper documentation.
  • Impacted Requirements: All employees must be aware of documented internal control processes.
  • Recommended Follow-Up: Ensure existing control policies and procedures are documented to mitigate risks.

Finding Text

2024-002 Inadequate Documentation of the Components of Internal Control Criteria: The components of internal control and the related processes should be clearly documented and all employees should be aware of them. Condition: Although functioning controls are in place they have not been documented. Effect: There is a risk that controls may become ineffective due to staff turnover or deterioration of processes. Cause: The limited staff of WAID has precluded them from documenting control procedures. Identification of a repeat finding: This is a repeat finding from the June 30, 2023 audit. Recommendation: Document existing control policies and procedures. Management's Response: WAID agrees with this finding and will adhere to the corrective action plan detailed in the following section.

Corrective Action Plan

2024-002 Inadequate Documentation of the Components of Internal Control Corrective Action Plan WAID management will consider documenting its policies and procedures in the event duties need to be transitioned. Responsible Party: Michelle Ross, Manager: (814) 832-3212 Anticipated Completion Date: June 30, 2025

Categories

Allowable Costs / Cost Principles Internal Control / Segregation of Duties

Other Findings in this Audit

  • 528133 2024-001
    Significant Deficiency Repeat
  • 528135 2024-001
    Significant Deficiency Repeat
  • 528136 2024-002
    Significant Deficiency Repeat
  • 1104575 2024-001
    Significant Deficiency Repeat
  • 1104576 2024-002
    Significant Deficiency Repeat
  • 1104577 2024-001
    Significant Deficiency Repeat
  • 1104578 2024-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.415 Rural Rental Housing Loans $1.34M
10.427 Rural Rental Assistance Payments $242,374