Finding Text
Criteria: The Uniform Guidance requires that the auditee prepare a SEFA for the period covered by the auditee?s financial statements. At a minimum, the schedule shall: ? List all individual Federal programs by Federal agency. ? Include the name of the pass-through entity and the identifying number assigned by the passthrough entity for all Federal funds expended as a subrecipient. ? Provide the total Federal awards expended for each individual Federal program and the Assistance Listing Number or other identifying number when the Assistance Listing Number information is not available. Condition and Context: The Agency?s current policies and procedures on the preparation of the SEFA were not detailed enough to ensure all funds were identified as either non-federal, federal, or pass-through federal awards, which resulted in the SEFA provided to the auditors to not accurately reflect certain federal expenditures and Assistance Listing Number information. Cause: Internal controls over the accurate preparation and completeness of the SEFA were not operating effectively. Effect: Delays in identifying whether an award is federally funded could result in errors in accounting, and revenue recognition, disallowed costs, and noncompliance with Uniform Guidance requirements.