FAC Explorer

Finding 598968 (2022-002)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-08
Audit: 21876
Organization: East Sac County Community School District (IA)
Auditor: Kay Chapman CPA PC

AI Summary

  • Issue: The District uses a signature stamp for the Board President's signature on checks.
  • Impact: This practice undermines the internal control requirement of having two signatures on checks.
  • Recommendation: Limit access to the signature stamp to maintain proper internal controls.

Finding Text

I noted that the District uses a signature stamp for the signature of the Board President on checks. This stamp is accessible to the Board Secretary. The practice of having the signature stamp assessible to the Board Secretary negates the internal control procedure established by requiring two signatures on checks.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 22526 2022-002
    Material Weakness Repeat
  • 22527 2022-001
    Material Weakness Repeat
  • 22528 2022-002
    - Repeat
  • 22529 2022-001
    - Repeat
  • 598969 2022-001
    Material Weakness Repeat
  • 598970 2022-002
    - Repeat
  • 598971 2022-001
    - Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $496,858
84.425 Education Stabilization Fund $312,565
10.553 School Breakfast Program $186,321
84.010 Title I Grants to Local Educational Agencies $68,499
84.027 Special Education_grants to States $39,213
84.367 Improving Teacher Quality State Grants $31,095
84.048 Career and Technical Education -- Basic Grants to States $11,732
84.424 Student Support and Academic Enrichment Program $10,000