Finding 628015 (2022-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-12-19

AI Summary

  • Core Issue: There is a significant deficiency in internal control due to minimal segregation of duties in the accounting function.
  • Impacted Requirements: Proper segregation of duties is essential for strong internal controls and should be enforced whenever possible.
  • Recommended Follow-Up: Address the staffing limitations to improve segregation of duties and reduce the risk of undetected errors.

Finding Text

Type of Finding: Significant Deficiency in Internal Control over Financial Reporting. Condition: There is minimal segregation of duties among personnel involved in the accounting function. Criteria or Specific Requirement: A proper segregation of duties is an important component of a system of strong internal controls and should be implemented if possible. Cause: There are a small number of personnel to whom to allocate responsibilities in accounting functions. Effect: A lack of segregation of duties increase the risk that errors may occur and not be prevented or detected on a timely basis. Repeat Finding: Yes, Prior year finding 2021-002

Categories

Internal Control / Segregation of Duties Reporting Significant Deficiency

Other Findings in this Audit

  • 51573 2022-001
    Significant Deficiency Repeat
  • 51574 2022-002
    Significant Deficiency
  • 51575 2022-003
    Significant Deficiency
  • 628016 2022-002
    Significant Deficiency
  • 628017 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.11M
14.195 Section 8 Housing Assistance Payments Program $27,058