FAC Explorer

Finding 555358 (2024-003)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2024
Accepted
2025-04-18
Audit: 353993
Organization: Micro Entrerprise Services of Oregon (OR)
Auditor: McDonald Jacobs PC

AI Summary

  • Core Issue: Invoices lacked documented review and approval for 8 out of 13 reviewed.
  • Impacted Requirements: There is a need for a formal process to ensure all invoices are properly reviewed and approved.
  • Recommended Follow-Up: Implement procedures to document reviews and approvals before submitting invoices.

Finding Text

Finding # 2024-003 Type: Material weakness over allowable costs Condition/Context: Invoices submitted to funding agencies did not have documented review and approval for 8 of 13 invoices reviewed. Cause: There was no process in place for documenting the reviews and approvals. Questioned Costs: None. Recommendation: The Organization should implement additional procedures to make sure reviews and approvals are documented before invoices are submitted. Management’s Response: Management will implement and document a review of invoices by the grants manager.

Categories

Allowable Costs / Cost Principles Material Weakness

Other Findings in this Audit

  • 555350 2024-002
    Material Weakness
  • 555351 2024-002
    Material Weakness
  • 555352 2024-002
    Material Weakness
  • 555353 2024-002
    Material Weakness
  • 555354 2024-002
    Material Weakness
  • 555355 2024-002
    Material Weakness
  • 555356 2024-003
    Material Weakness
  • 555357 2024-003
    Material Weakness
  • 555359 2024-003
    Material Weakness
  • 555360 2024-003
    Material Weakness
  • 555361 2024-003
    Material Weakness
  • 555362 2024-004
    Significant Deficiency
  • 555363 2024-004
    Significant Deficiency
  • 555364 2024-004
    Significant Deficiency
  • 555365 2024-004
    Significant Deficiency
  • 555366 2024-004
    Significant Deficiency
  • 555367 2024-004
    Significant Deficiency
  • 555368 2024-002
    Material Weakness
  • 555369 2024-002
    Material Weakness
  • 555370 2024-002
    Material Weakness
  • 555371 2024-003
    Material Weakness
  • 555372 2024-003
    Material Weakness
  • 555373 2024-003
    Material Weakness
  • 1131792 2024-002
    Material Weakness
  • 1131793 2024-002
    Material Weakness
  • 1131794 2024-002
    Material Weakness
  • 1131795 2024-002
    Material Weakness
  • 1131796 2024-002
    Material Weakness
  • 1131797 2024-002
    Material Weakness
  • 1131798 2024-003
    Material Weakness
  • 1131799 2024-003
    Material Weakness
  • 1131800 2024-003
    Material Weakness
  • 1131801 2024-003
    Material Weakness
  • 1131802 2024-003
    Material Weakness
  • 1131803 2024-003
    Material Weakness
  • 1131804 2024-004
    Significant Deficiency
  • 1131805 2024-004
    Significant Deficiency
  • 1131806 2024-004
    Significant Deficiency
  • 1131807 2024-004
    Significant Deficiency
  • 1131808 2024-004
    Significant Deficiency
  • 1131809 2024-004
    Significant Deficiency
  • 1131810 2024-002
    Material Weakness
  • 1131811 2024-002
    Material Weakness
  • 1131812 2024-002
    Material Weakness
  • 1131813 2024-003
    Material Weakness
  • 1131814 2024-003
    Material Weakness
  • 1131815 2024-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.020 Community Development Financial Institutions Program $391,600
59.046 Microloan Program $310,383
21.027 Coronavirus State and Local Fiscal Recovery Funds $156,276
59.050 Prime Technical Assistance $61,276
14.218 Community Development Block Grants/entitlement Grants $1,781