Finding 627822 (2022-003)

Significant Deficiency
Requirement
P
Questioned Costs
$1
Year
2022
Accepted
2023-02-02
Audit: 45158
Organization: The Naples Players, Inc. (FL)

AI Summary

  • Core Issue: Invoices were paid without proper approval from the CEO/Executive Artistic Director.
  • Impacted Requirements: Internal control procedures require CEO/Executive Artistic Director approval for all invoices.
  • Recommended Follow-Up: Ensure all invoices have documented approval before payment to prevent unauthorized transactions.

Finding Text

2022 ? 003 Federal Agency: Small Business Administration Federal Program Name: Shuttered Venue Operators Grant Assistance Listing Number: 59.075 Federal Award Identification Number and Year: SBAHQ21SV005145 2022 Award Period: 7/17/2021 ? 12/31/2021 Type of Finding: ? Significant Deficiency in Internal Control over Compliance ? Other Matters Criteria or specific requirement: The internal control procedures state the CEO/Executive Artistic Director approves invoices. Condition: From two separate testing populations, three of eight and twelve of forty testing selections did not show evidence of approval by the CEO/Executive Artistic Director. Questioned costs: Questioned costs from unapproved invoices totaled $1,508 and $6,569, respectively. Context: From two separate testing populations, three of eight and twelve of forty testing selections did not show evidence of approval by the CEO/Executive Artistic Director. Cause: Invoices were paid without evidence of approval by the CEO/Executive Artistic Director. Effect: Unauthorized invoices could be paid. Repeat Finding: No Recommendation: We recommend all invoices show evidence of approval by the CEO/Executive Artistic Director prior to payment. Views of responsible officials: There is no disagreement with the audit finding.

Categories

Questioned Costs Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 51378 2022-001
    Material Weakness
  • 51379 2022-002
    Material Weakness
  • 51380 2022-003
    Significant Deficiency
  • 51381 2022-004
    Significant Deficiency
  • 627820 2022-001
    Material Weakness
  • 627821 2022-002
    Material Weakness
  • 627823 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
59.075 Shuttered Venue Operators Grant Program $818,071