FAC Explorer

Finding 585644 (2022-007)

Material Weakness
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2024-01-19
Audit: 12566
Organization: Urban Development Corporation (IL)
Auditor: Alexander Mannie & Company PC

AI Summary

  • Answer: The tenant's bank account verification was not completed.
  • Trend: This issue may indicate a pattern of incomplete tenant checks.
  • List: Follow up by ensuring all tenant accounts are verified moving forward.

Finding Text

The following tenant’s bank account was not verified:

Categories

No categories assigned yet.

Other Findings in this Audit

  • 9196 2022-001
    Material Weakness
  • 9197 2022-002
    Material Weakness
  • 9198 2022-003
    Material Weakness
  • 9199 2022-004
    Material Weakness Repeat
  • 9200 2022-005
    Material Weakness Repeat
  • 9201 2022-006
    Material Weakness
  • 9202 2022-007
    Material Weakness
  • 9203 2022-008
    Material Weakness
  • 9204 2022-009
    Material Weakness
  • 9205 2022-001
    Material Weakness
  • 9206 2022-002
    Material Weakness
  • 9207 2022-003
    Material Weakness
  • 9208 2022-006
    Material Weakness
  • 9209 2022-007
    Material Weakness
  • 9210 2022-008
    Material Weakness
  • 585638 2022-001
    Material Weakness
  • 585639 2022-002
    Material Weakness
  • 585640 2022-003
    Material Weakness
  • 585641 2022-004
    Material Weakness Repeat
  • 585642 2022-005
    Material Weakness Repeat
  • 585643 2022-006
    Material Weakness
  • 585645 2022-008
    Material Weakness
  • 585646 2022-009
    Material Weakness
  • 585647 2022-001
    Material Weakness
  • 585648 2022-002
    Material Weakness
  • 585649 2022-003
    Material Weakness
  • 585650 2022-006
    Material Weakness
  • 585651 2022-007
    Material Weakness
  • 585652 2022-008
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $2.44M
14.195 Section 8 Housing Assistance Payments Program $1.00M