Finding Text
Condition: During our audit, we noted noncompliance around period of performance. Criteria: Management should have a procedure in place to verify the period in which they are allowed to expense items. Cause: The Organization did not have sufficient funds to cover Rent for August, because of this they took out two months worth of rent when their period of performance began in September. Effect: The Grantor told them this was not allowable and that they were only able to use the grant funds in the proper periods. Recommendation: We recommend the Organization reviews internal processes and ensure that there are proper accounting and review policies and systems.