Finding 8893 (2023-001)

#2023-001 – Material Weakness – Inadequate Controls over Year End Accrual Process - Reporting Criteria The Commission’s controls over expenses should operate in a way to ensure its financial statements are in accordance with accounting principles generally accepted in the United States of America applicable to governmental entities (GAAP). Condition The Commission’s controls over expenses did not operate as intended to record the expenses in the correct fiscal period and on the schedule of expenditures of federal awards. Cause Adjustments were needed to record expenses are in accordance with accounting principles generally accepted in the United States of America applicable to governmental entities. Effect During the audit process, various material adjustments were proposed to the Commission’s records by the auditors. Questioned Costs None Perspective Information The finding is related only to the Abandoned Mine Land Reclamation Program. Identification as a Repeat Finding There was no similar finding in the prior year. Recommendation We recommend that the Commission evaluate their current internal controls over financial reporting and identify areas for improvement that are most important for consistent and accurate financial reporting. View of Responsible Officials and Planned Corrective Action The Commission will review its control procedures over accounts payable to verify that invoices are properly recorded in the correct fiscal year.