FAC Explorer

Finding 610646 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2022
Accepted
2023-09-20
Audit: 34903
Organization: South O'Brien Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This affects compliance with internal control standards for major federal programs.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance oversight and reduce risk.

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 major federal programs; cash, investments, receipts, inventories, wire transfers, payroll, computer systems, journal entries and school lunch program. See finding 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 34204 2022-002
    Material Weakness Repeat
  • 34205 2022-002
    Material Weakness Repeat
  • 610647 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $369,358
84.425 Education Stabilization Fund $290,208
84.010 Title I Grants to Local Educational Agencies $97,968
10.553 School Breakfast Program $57,962
84.358 Rural Education $37,407
84.367 Supporting Effective Instruction State Grants $16,305
84.424 Student Support and Academic Enrichment Program $9,722
84.048 Career and Technical Education -- Basic Grants to States $6,239
84.027 Special Education_grants to States $4,318
10.649 Pandemic Ebt Administrative Costs $614