FAC Explorer

Finding 605148 (2022-002)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2023-08-08
Audit: 29430
Organization: Kingsley-Pierson Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly implemented, which is essential for internal controls.
  • Recommended Follow-Up: Review and adjust responsibilities to ensure no single employee manages incompatible duties.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to federal programs; cash, investments, receipts, capital assets, wire transfers, computer systems, school lunch program and journal entries. See finding 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 28706 2022-002
    Material Weakness
  • 28707 2022-002
    Material Weakness
  • 605149 2022-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $292,310
84.425 Education Stabilization Fund $187,293
84.010 Title I Grants to Local Educational Agencies $68,387
84.358 Rural Education $56,888
10.553 School Breakfast Program $49,732
32.009 Emergency Connectivity Fund Program $39,215
84.424 Student Support and Academic Enrichment Program $10,000
84.367 Improving Teacher Quality State Grants $9,687
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $5,524
84.048 Career and Technical Education -- Basic Grants to States $3,941
84.027 Special Education_grants to States $3,420
10.649 Pandemic Ebt Administrative Costs $614