FAC Explorer

Finding 612774 (2022-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-09-28
Audit: 26569
Organization: Town of Fairfield Vermont (VT)
Auditor: Am Peisch & Company LLP

AI Summary

  • Answer: There is one material weakness identified in the audit of Fairfield's financial statements.
  • Trend: No significant deficiencies were found, indicating a stable control environment.
  • List: Follow up on the material weakness to ensure corrective actions are implemented effectively.

Finding Text

One Material Weakness and no significant deficiencies relating to the audit of the basic financial statements of Town of Fairfield, Vermont are reported in the Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and other Matters Based on an Audit of the Financial Statements performed in Accordance with Governmental Auditing Standards.

Categories

Material Weakness Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 36332 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $664,341
21.027 Coronavirus State and Local Fiscal Recovery Funds $198,105
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $92,512
45.310 Grants to States $5,104
20.205 Highway Planning and Construction $2,926