FAC Explorer

Finding 628558 (2022-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-02-15
Audit: 47193
Organization: City of Marion (IA)
Auditor: Hogan-Hansen PC

AI Summary

  • Answer: There is a lack of proper segregation of duties in managing federal revenue and expenditures.
  • Trend: This issue could lead to increased risk of errors or fraud in financial reporting.
  • List: Recommend implementing clear roles and responsibilities to ensure checks and balances are in place.

Finding Text

Segregation of duties over federal revenue and expenditures.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 52111 2022-001
    Material Weakness Repeat
  • 52112 2022-001
    Material Weakness Repeat
  • 52113 2022-001
    Material Weakness Repeat
  • 52114 2022-001
    Material Weakness Repeat
  • 52115 2022-001
    Material Weakness Repeat
  • 52116 2022-001
    Material Weakness Repeat
  • 628553 2022-001
    Material Weakness Repeat
  • 628554 2022-001
    Material Weakness Repeat
  • 628555 2022-001
    Material Weakness Repeat
  • 628556 2022-001
    Material Weakness Repeat
  • 628557 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.205 Highway Planning and Construction $1.22M
16.922 Equitable Sharing Program $8,293