FAC Explorer

Finding 808 (2023-002)

Significant Deficiency Repeat Finding
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2023-10-27
Audit: 1566
Organization: Iowa Oncology Research Association (IA)
Auditor: Pittman & Company LLP

AI Summary

  • Answer: The auditor is responsible for preparing the financial statements.
  • Trend: This role emphasizes the importance of accuracy and compliance in financial reporting.
  • List: Ensure all financial data is complete, verify calculations, and follow relevant accounting standards.

Finding Text

Auditor prepares the financial statements.

Corrective Action Plan

None.  Management does not possess the skills, knowledge, or experience to prepare the financial statements or SEFA and will continue to rely on the auditor to prepare them.  Adding a person with suitable skills, knowledge, or experience does not provide a cost benefit to the organization.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 807 2023-001
    Significant Deficiency Repeat
  • 577249 2023-001
    Significant Deficiency Repeat
  • 577250 2023-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.399 Cancer Control $1.30M