Finding Text
Condition: During our audit we noted noncompliance around testing over program income. Criteria: Management should have a procedure in place to verify all revenue is being recognized. Cause: The Organization was not booking revenue related to rent of individuals as the Organization was not expecting them to pay. Effect: Instead of writing the revenue off - they did not note any of the revenue that should have been included in 2023's financials. Recommendation: We recommend the Organization reviews internal processes and ensure that there are proper accounting and review policies and systems.