FAC Explorer

Finding 771258 (2022-004)

Material Weakness Repeat Finding
Requirement
ABCFIM
Questioned Costs
-
Year
2022
Accepted
2023-02-02
Audit: 178612
Organization: North Iowa Area Council of Governements (IA)
Auditor: Larry Pump CPA

AI Summary

  • Answer: The Agency failed to separate key financial duties, which can lead to errors or fraud.
  • Trend: This issue is consistent with previous findings, indicating ongoing weaknesses in financial controls.
  • List: Immediate action is needed to implement proper segregation of duties to ensure compliance and safeguard federal funds.

Finding Text

2022-004 Segregation of Duties over Federal Revenues and Expenses ? The Agency did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenses, including those related to federal programs. See 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 194812 2022-004
    Material Weakness Repeat
  • 194813 2022-004
    Material Weakness Repeat
  • 194814 2022-004
    Material Weakness Repeat
  • 194815 2022-004
    Material Weakness Repeat
  • 194816 2022-004
    Material Weakness Repeat
  • 194817 2022-004
    Material Weakness Repeat
  • 194818 2022-004
    Material Weakness Repeat
  • 771254 2022-004
    Material Weakness Repeat
  • 771255 2022-004
    Material Weakness Repeat
  • 771256 2022-004
    Material Weakness Repeat
  • 771257 2022-004
    Material Weakness Repeat
  • 771259 2022-004
    Material Weakness Repeat
  • 771260 2022-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.509 Formula Grants for Rural Areas and Tribal Transit Program $302,696
11.307 Economic Adjustment Assistance $268,280
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $189,208
11.302 Economic Development_support for Planning Organizations $73,466
20.205 Highway Planning and Construction $43,371
20.703 Interagency Hazardous Materials Public Sector Training and Planning Grants $1,567