Finding Text
Condition: Supplemental information on the financial reports, including program income and program expenditures, did not agree with the underlying financial information. Criteria: Uniform Guidance requires that information reported on the financial reports agrees to the underlying financial information. Cause: There was no internal process to ensure the accuracy of the supplemental information on the financial reports. Effect: As a result, grantor records may contain inaccurate information based on the submitted financial reports. Context: This is a repeat finding from the prior year. During our audit procedures, we compared financial reports to the underlying financial information and found that the amounts did not agree. Recomendation: We recommend that the Organization implements a review process to tie the monthly, quarterly, and annual financial
reports to the underlying financial records as the reports are prepared. Views of REsponsbile Officals: Management agrees with the finding.