FAC Explorer

Finding 577189 (2022-001)

Significant Deficiency
Requirement
AB
Questioned Costs
-
Year
2022
Accepted
2023-10-26
Audit: 1411
Organization: Downeast Transportation, Inc. (ME)
Auditor: Edwards Faust & Smith

AI Summary

  • Issue: A check over $10,000 was issued without the required two authorized signatures.
  • Trend: This indicates a potential weakness in following internal control policies for cash disbursements.
  • Follow-up: Review and reinforce training on internal control policies to ensure compliance.

Finding Text

Downeast Transportation has written policy stating that all checks over $10,000 must have two authorized signatures as a measure of internal control over cash disbursements. A check writtem over $10,000 did not have two authorized signatures. Internal control policy over cash disbursements was not followed.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 747 2022-001
    Significant Deficiency
  • 748 2022-002
    Significant Deficiency
  • 749 2022-003
    Significant Deficiency
  • 750 2022-004
    Significant Deficiency
  • 751 2022-005
    Significant Deficiency
  • 577190 2022-002
    Significant Deficiency
  • 577191 2022-003
    Significant Deficiency
  • 577192 2022-004
    Significant Deficiency
  • 577193 2022-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
15.954 National Park Service Conservation, Protection, Outreach, and Education $1.60M
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $1.50M
20.500 Federal Transit_capital Investment Grants $46,573
20.520 Paul S. Sarbanes Transit in the Parks $6,431
20.509 Formula Grants for Rural Areas and Tribal Transit Program $2,204