Finding Text
Criteria: Management is responsible for establishing and maintaining effective internal controls over financial reporting.
Condition: Preparations and reconciliations for year end independent audit was not occurring as
designed during the fiscal year.
Effect: Internal control design testing identified reconciliations that were not reviewed timely during the fiscal year 2020.
Cause: Inadequate turnover and staffing constraints, specifically within finance, contributed to delays in reconciliation completion and review.
Recommendation: We recommend management work to ensure accurate and complete financial and accounting records.
Views of Responsible Officials and Corrective Action Plan: The Center agrees with the finding and will implement additional controls to ensure that this does not recur. Please refer to the corrective action plan.