FAC Explorer

Finding 641719 (2022-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-01
Audit: 65627
Organization: Cable Telecommunications Association of New York, Inc. (NY)
Auditor: Cusack & Company Cpa's

AI Summary

  • Answer: We identified significant errors in accounts receivable and grant revenue during the audit.
  • Trend: Phase 3 of the grant was not recorded by the deadline of 9/30/22, leading to discrepancies.
  • List: Proposed adjustments total around $665,000 to correct the accounts receivable balance.

Finding Text

During the audit there were material audit adjustments we proposed to correct accounts receivable and related grant revenue. Phase 3 of the grant was not recorded as of 9/30/22. We proposed adjustments to accounts receivable for approximately $665,000 to correct the balance.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 65277 2022-001
    Material Weakness
  • 65278 2022-002
    Material Weakness
  • 65279 2022-003
    Material Weakness
  • 641720 2022-002
    Material Weakness
  • 641721 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.600 National Priority Safety Program, Ctany 2022 Statewide Gtsc Outreach Campaign $956,022