Answer: The current bookkeeping practices are insufficient, leading to gaps in financial documentation.
Trend: This issue has been recurring, indicating a pattern of neglect in maintaining accurate financial records.
List: Immediate actions needed include reviewing existing records, implementing stricter documentation processes, and providing training for staff on proper bookkeeping practices.
Finding Text
INADEQUATE BOOKKEEPING AND FINANCIAL DOCUMENTATION
Corrective Action Plan
The foundation is engaging a professional bookkeeper and implementing new procedures for recording and tracking donations and expenditures.