FAC Explorer

Finding 634899 (2022-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-02-19
Audit: 54409
Organization: Iowa Oncology Research Association (IA)
Auditor: Pittman & Company LLP

AI Summary

  • Answer: Management lacks the necessary skills to prepare GAAP financial statements and the Schedule of Expenditures of Federal Awards.
  • Trend: This gap in expertise could lead to inaccuracies in financial reporting and compliance issues.
  • List: Recommend providing training for management or hiring qualified personnel to ensure accurate financial statement preparation.

Finding Text

Finding: Auditor prepares the financial statements and the Schedule of the Expenditures of Federal Awards. Condition: Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.

Categories

Reporting

Other Findings in this Audit

  • 58456 2022-001
    Significant Deficiency Repeat
  • 58457 2022-002
    Significant Deficiency Repeat
  • 634898 2022-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.399 Cancer Control $1.39M