FAC Explorer

Finding 569147 (2024-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-06-30
Audit: 360732
Organization: Safelight (SC)
Auditor: Phillips CPAS and Advisors

AI Summary

  • Answer: There's a problem with how accounting duties are divided, allowing some individuals to handle both assets and records.
  • Trend: This issue increases the risk of errors or fraud due to insufficient checks and balances.
  • List: Implement clear roles and responsibilities to ensure proper segregation of duties in accounting.

Finding Text

There is a lack of segregation of accounting duties that enables the same individuals to have access to both physical assets and the related accounting records or to all phases of a transaction.

Corrective Action Plan

The duties will be segregated as much as possible. We understand that in most cases, the added cost of providing absolute segregation of duties will outweigh the projected benefits of the added internal controls and therefore, may be considered unjustified. Safelight, Inc. will ensure that the Board of Directors will remain involved in the financial affairs of the Organization to provide oversight and independent review functions.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 569148 2024-001
    Significant Deficiency
  • 569149 2024-001
    Significant Deficiency
  • 569150 2024-001
    Significant Deficiency
  • 1145589 2024-001
    Significant Deficiency
  • 1145590 2024-001
    Significant Deficiency
  • 1145591 2024-001
    Significant Deficiency
  • 1145592 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
16.753 Congressionally Recommended Awards $293,318
16.575 Crime Victim Assistance $124,656
16.582 Crime Victim Assistance/discretionary Grants $82,500
14.267 Continuum of Care Program $75,871
21.027 Coronavirus State and Local Fiscal Recovery Funds $69,375
16.588 Violence Against Women Formula Grants $54,770
93.671 Family Violence Prevention and Services/domestic Violence Shelter and Supportive Services $54,000
93.667 Social Services Block Grant $24,463
93.669 Child Abuse and Neglect State Grants $278