Finding 612694 (2022-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-10-30
Audit: 32328
Organization: Shalom II Housing, Inc. (RI)

AI Summary

  • Core Issue: Significant deficiencies in internal controls were identified, although no material weaknesses were found.
  • Impacted Requirements: Compliance with federal regulations was met, with no noncompliance issues noted in financial statements or major programs.
  • Recommended Follow-up: Address the identified significant deficiencies to strengthen internal controls and ensure ongoing compliance.

Finding Text

SECTION I ? SUMMARY OF AUDITORS? RESULTS Financial Statements Type of auditors' report issued: unmodified Internal control over financial reporting: ? Material weaknesses identified? yes X no ? Significant deficiencies identified that are not considered to be material weaknesses? X yes none reported ? Noncompliance material to financial statements noted? yes X no Federal Awards Internal control over major programs: ? Material weaknesses identified? yes X no ? Significant deficiencies identified that are not considered to be material weaknesses? yes X none reported Type of auditors' report issued on compliance for major programs: unmodified Any audit findings disclosed that are required to be reported in accordance with 2 CFR Section 200.516(a)? yes X no Identification of major federal program: Assistance Listing Number Name of Federal Program 14.157 Supportive Housing for the Elderly Dollar threshold used to distinguish between type A and type B programs: $750,000 Auditee qualified as low-risk auditee yes X no

Categories

Material Weakness Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 36252 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $264,572