Finding 565674 (2024-001)

Significant Deficiency

Requirement

Questioned Costs

Year

2024

Accepted

2025-06-20

Audit: 359362

Organization: Alliance of Indiana Rural Water, Inc. (IN)

Auditor: Lwg CPAS & Advisors

AI Summary

Answer: There is a lack of proper duty segregation among employees in accounting tasks.
Trend: This issue has persisted throughout the year ending December 31, 2024.
List: Review and implement stronger controls to ensure duties are appropriately separated.

Finding Text

More than one employee has the ability to complete multiple parts of tasks. For the year ended December 31, 2024, Alliance of Indiana Rural Water has failed to appropriately segregate duties in certain accounting areas consistent with control objectives.

Corrective Action Plan

Regarding finding number 2024-001; Management is aware that there is a lack of segregation of duties. It would not be cost effective to hire additional employees to properly segregate duties at this time. Management performs additional procedures to mitigate this risk. We do not have an anticipated time frame for hiring additional employees to mitigate this risk. The responsible contact person regarding this significant deficiency is Kristin Bean, Executive Director.

Other Findings in this Audit

1142116 2024-001

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
10.761	Water and Waste Technical Assistance and Training Grants	$766,773
10.U10	Circuit Rider Contract	$493,578
66.U10	Safe Drinking Water Act Compliance	$165,692
66.424	Surveys, Studies, Investigations, Demonstrations, and Training Grants - Section 1442 of the Safe Drinking Water Act	$163,454
10.U10	Sourcewater Protection Program	$111,885