Finding 576666 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-10-18

AI Summary

  • Issue: The College made multiple changes to trial balance figures due to errors and unrecorded transactions.
  • Impact: A remaining discrepancy of $7,102 indicates an overstatement of expenses in the FEMA Vaccination Grant DS1374.
  • Follow-up: Review and correct classification errors and ensure all transactions are accurately recorded to resolve discrepancies.

Finding Text

During the audit the College changed the trial balance figures more than once due to classification errors, transactions not recorded, differences with federal reports, etc. Even though all these changes, remained a difference of $7,102 in the accounting books related to the expenditures reported in FEMA Vaccination Grant DS1374. The difference represents an overstatement of the program expense.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 224 2022-001
    Material Weakness Repeat
  • 225 2022-002
    Significant Deficiency Repeat
  • 226 2022-003
    Significant Deficiency Repeat
  • 227 2022-004
    Significant Deficiency Repeat
  • 228 2022-005
    Significant Deficiency
  • 229 2022-006
    Significant Deficiency Repeat
  • 230 2022-007
    Significant Deficiency Repeat
  • 231 2022-008
    Significant Deficiency
  • 232 2022-009
    Significant Deficiency
  • 233 2022-010
    Significant Deficiency Repeat
  • 576667 2022-002
    Significant Deficiency Repeat
  • 576668 2022-003
    Significant Deficiency Repeat
  • 576669 2022-004
    Significant Deficiency Repeat
  • 576670 2022-005
    Significant Deficiency
  • 576671 2022-006
    Significant Deficiency Repeat
  • 576672 2022-007
    Significant Deficiency Repeat
  • 576673 2022-008
    Significant Deficiency
  • 576674 2022-009
    Significant Deficiency
  • 576675 2022-010
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $2.71M