FAC Explorer

Finding 625158 (2022-002)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2022
Accepted
2022-10-30
Audit: 42034
Organization: Redbanks Regency Apartments, Inc. (KY)
Auditor: Miller Mayer Sullivan & Stevens LLP

AI Summary

  • Issue: An invoice was incorrectly paid by Redbanks Regency Apartments for goods meant for another entity.
  • Requirement: Invoices must be paid by the company that actually purchases and uses the goods.
  • Follow-up: Implement a review process for invoices before payment to confirm they are charged to the correct entity.

Finding Text

One invoice was identified as the goods were purchased for another entity, but was paid by Redbanks Regency Apartments, Inc. Criteria. Invoices should be paid by the company that purchases and uses the goods. Cause. Management made an error in processing the payment. Effect. Redbanks Regency Apartments, Inc. paid $26 for goods purchased by another entity. Recommendation. Invoices should be reviewed prior to payment to ensure that they are being paid by the proper entity.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 48716 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $151,588