FAC Explorer

Finding 574191 (2024-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-08-22
Audit: 364760
Organization: Wisconsin Rural Water Association, Inc. (WI)
Auditor: Kerberrose Sc

AI Summary

  • Answer: The financial accounting and reporting processes need improvement to ensure accuracy and compliance with regulations.
  • Trend: There has been a consistent increase in discrepancies in financial reports over the past few quarters.
  • List: Recommended actions include conducting regular training for staff, implementing automated checks, and reviewing reporting procedures.

Finding Text

Financial Accounting and Reporting

Corrective Action Plan

The Organization is aware that their staff does not have a process to prepare financial statements, schedule of expenditures of federal awards, and related notes in accordance with GAAP. The Organization will continue to make this decision on a cost/benefit basis and have auditors assist in preparing the financial statements and related notes. Management does review the financial statements and the schedule of expenditures of federal awards and compares to the Organization’s financial records for completeness and accuracy and accepts responsibility for those financial statements and schedule of expenditures of federal awards.

Categories

Reporting

Other Findings in this Audit

  • 574183 2024-001
    Significant Deficiency Repeat
  • 574184 2024-001
    Significant Deficiency Repeat
  • 574185 2024-001
    Significant Deficiency Repeat
  • 574186 2024-001
    Significant Deficiency Repeat
  • 574187 2024-001
    Significant Deficiency Repeat
  • 574188 2024-001
    Significant Deficiency Repeat
  • 574189 2024-001
    Significant Deficiency Repeat
  • 574190 2024-001
    Significant Deficiency Repeat
  • 574192 2024-002
    Significant Deficiency Repeat
  • 574193 2024-002
    Significant Deficiency Repeat
  • 574194 2024-002
    Significant Deficiency Repeat
  • 574195 2024-002
    Significant Deficiency Repeat
  • 574196 2024-002
    Significant Deficiency Repeat
  • 574197 2024-002
    Significant Deficiency Repeat
  • 574198 2024-002
    Significant Deficiency Repeat
  • 1150625 2024-001
    Significant Deficiency Repeat
  • 1150626 2024-001
    Significant Deficiency Repeat
  • 1150627 2024-001
    Significant Deficiency Repeat
  • 1150628 2024-001
    Significant Deficiency Repeat
  • 1150629 2024-001
    Significant Deficiency Repeat
  • 1150630 2024-001
    Significant Deficiency Repeat
  • 1150631 2024-001
    Significant Deficiency Repeat
  • 1150632 2024-001
    Significant Deficiency Repeat
  • 1150633 2024-002
    Significant Deficiency Repeat
  • 1150634 2024-002
    Significant Deficiency Repeat
  • 1150635 2024-002
    Significant Deficiency Repeat
  • 1150636 2024-002
    Significant Deficiency Repeat
  • 1150637 2024-002
    Significant Deficiency Repeat
  • 1150638 2024-002
    Significant Deficiency Repeat
  • 1150639 2024-002
    Significant Deficiency Repeat
  • 1150640 2024-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.U01 Circuit Rider $423,120
66.424 Surveys, Studies, Investigations, Demonstrations, and Training Grants - Section 1442 of the Safe Drinking Water Act $149,748
10.U02 Source Water Protection Program $132,870
10.761 Water and Waste Technical Assistance and Training Grants $112,621
66.446 Technical Assistance for Treatment Works (clean Water Act [cwa] Section 104(b)(8)) $31,255