FAC Explorer

Finding 961408 (2023-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-26
Audit: 298002
Organization: 10-15 Regional Transit Agency (IA)
Auditor: Anderson Larkin & CO PC

AI Summary

  • Core Issue: The Agency failed to properly segregate duties related to federal receipts and disbursements.
  • Impacted Requirements: This affects compliance with internal controls for handling federal funds.
  • Recommended Follow-Up: Implement clear roles and responsibilities to ensure proper segregation of duties.

Finding Text

III-A-23 (2023-001) Segregation of Duties over Federal Receipts and Disbursements – The Agency did not properly segregate collection, deposit, disbursements and record-keeping for receipts and disbursements, including those related to federal programs, See II-A-23.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 384966 2023-001
    Material Weakness Repeat
  • 384967 2023-001
    Material Weakness Repeat
  • 384968 2023-001
    Material Weakness Repeat
  • 384969 2023-001
    Material Weakness Repeat
  • 961409 2023-001
    Material Weakness Repeat
  • 961410 2023-001
    Material Weakness Repeat
  • 961411 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.509 Formula Grants for Rural Areas and Tribal Transit Program - Covid 19 $923,274
20.509 Formula Grants for Rural Areas and Tribal Transit Program $132,000
21.019 Coronavirus Relief Fund - Covid 19 $119,204