Finding Text
Current management concurred with the conditions, criteria, causes, and recommendations cited by the auditors. Having to reconstruct the books and transitioning into a new Accounting System; Dynamics 365 was transitioned to Sage Intacct from 2019 forward in order to implement an auditable grant management system and an improved internal control system. In this process, the detailed reconciliations may have been abandoned in the older accounting system. The transition of new management in early 2023 has now implemented these internal control systems and monthly reconciliations from 2022 and forward in order to comply with 2 CFR 200 and NSF requirements.