FAC Explorer

Finding 623376 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-11-01
Audit: 41018
Organization: Cornbelt Educational Cooperative (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls due to insufficient segregation of duties for revenue handling.
  • Trend: This issue impacts compliance with reporting requirements for Special Education grants (CFDA No. 84.027 and CFDA No. 84.173).
  • List: Follow up by reviewing and improving segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues. This affects the reporting requirements for Special Education ? Grants to States, CFDA No. 84.027 and Special Education - Preschool Grants, CFDA No. 84.173.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 46931 2022-001
    Material Weakness Repeat
  • 46932 2022-001
    Material Weakness Repeat
  • 46933 2022-001
    Material Weakness Repeat
  • 46934 2022-001
    Material Weakness Repeat
  • 623373 2022-001
    Material Weakness Repeat
  • 623374 2022-001
    Material Weakness Repeat
  • 623375 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education_grants to States $163,806
84.425 Education Stabilization Fund $97,180
84.173 Special Education_preschool Grants $14,503