FAC Explorer

Finding 565000 (2024-001)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2024
Accepted
2025-06-15
Audit: 358871
Organization: Providers Premier Choice of Sek INC (KS)
Auditor: Jennifer L Eichinger CPA LLC

AI Summary

  • Core Issue: The organization lacks adequate segregation of duties, which is essential for effective internal controls.
  • Impacted Requirements: This deficiency increases the risk of material misstatements in financial statements.
  • Recommended Follow-Up: Implement measures to improve segregation of duties, even within a small team, to enhance internal controls.

Finding Text

An adequate segregation of duties is a critical element of an effectively designed internal control system, to provide assurance of the prevention and detection of potential material misstatements in the financial statements. Due to the small size of the organization, there is a lack of segregation of duties.

Corrective Action Plan

We will continue to have the Board of Directors review the financial activity of the entity. Due to the small size of the organization, it is not economically feasible to achieve a complete segregation of duties. Contact person: Crystal Vanderford, Executive Director, will be responsible for the corrective action.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1141442 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.558 Child and Adult Care Food Program $1.39M