Finding 969784 (2023-003)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-04-16

AI Summary

  • Issue: The starting balance of net assets is off by about $269,000 compared to last year's ending balance.
  • Trend: This discrepancy suggests potential changes or edits to the prior year's financial records.
  • Follow-up: Review adjustments made to net assets and ensure proper documentation for any changes to maintain accurate records.

Finding Text

During the audit, the starting balance of net assets, when compared to last years ending balance, was off by approximately $269,000. We proposed adjustments to the net asset balance for approximately $269,000 with the offset correction to expenses related to the Legislative Channel. A discrepancy in net assets generally means the books and records of the prior closed audit year were edited/changed in some manner.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 393340 2023-001
    Material Weakness Repeat
  • 393341 2023-002
    Material Weakness Repeat
  • 393342 2023-003
    Material Weakness Repeat
  • 393343 2023-004
    Material Weakness
  • 969782 2023-001
    Material Weakness Repeat
  • 969783 2023-002
    Material Weakness Repeat
  • 969785 2023-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.600 National Priority Safety Program, Ctany 2023 Multi-Media Statewide Awareness Campaign $1.25M