Finding 626177 (2022-003)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-07-30
Audit: 49133
Auditor: Lucida LLC

AI Summary

  • Core Issue: The Society lacks written procedures for managing federal awards, which is required by the Uniform Guidance.
  • Impacted Requirements: Written policies must be established before receiving federal awards to ensure compliance with federal regulations.
  • Recommended Follow-Up: Management should create and implement written policies and procedures to meet Uniform Guidance requirements for future federal funding.

Finding Text

2022-003 Lack of Written Procedures for Federal Awards Condition: The Uniform Guidance requires nonfederal entities to have specific written policies and procedures as part of the management of their federal awards to reduce the risk of fraud, waste, and abuse of federal funds. Criteria: Written policies and procedures should be developed in advance of the entity receiving federal awards to make certain the federal statutes, regulations, and terms and conditions are followed. Cause: Management and the accounting staff of the Society are inexperienced in the policies and procedures required by the Uniform Guidance. Management and accounting staff were unaware that the Uniform Guidance required such written policies or procedures before the awarding of the SVOG. Effect: The Society relied on the instructions provided after the awarding of the SVOG and while expending the grant in allowable activities, with proper cost principles, and within the defined period of performance, they have a material weakness due to the lack of written policies and procedures. Questioned Costs: There were no questioned costs associated with this finding. Recommendation: We recommend management develop written policies and procedures in accordance to the requirements of the Uniform Guidance. This will allow the Society to be compliant should they be awarded federal funds in the future. Management?s Response ? See Corrective Action Plan

Categories

Allowable Costs / Cost Principles Material Weakness Period of Performance Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 49735 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
59.075 Shuttered Venue Operators Grant Program $1.00M