FAC Explorer

Finding 959771 (2023-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-21
Audit: 296522
Organization: Youth Services Network, Inc. (IL)
Auditor: Lucas Group CPAS + Advisors LLC

AI Summary

  • Core Issue: Youth Services Network, Inc. does not separate responsibilities for cash handling and recording, increasing the risk of errors or fraud.
  • Impacted Requirements: This lack of segregation violates internal control standards, which require clear division of duties to ensure accountability.
  • Recommended Follow-Up: Implement a system where different individuals manage cash receipts, disbursements, and record-keeping to enhance oversight and security.

Finding Text

Youth Services Network, Inc. has a lack of segregation of duties over cash receipts and disbursements and the subsequent recording of these transactions in the accounting records.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 383329 2023-001
    Significant Deficiency Repeat
  • 383330 2023-001
    Significant Deficiency Repeat
  • 959772 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
93.276 Drug-Free Communities Support Program Grants $133,220
93.600 Head Start $70,711
21.027 Coronavirus State and Local Fiscal Recovery Funds $64,120
93.667 Social Services Block Grant $43,058
97.024 Emergency Food and Shelter National Board Program $38,435
10.558 Child and Adult Care Food Program $8,178