Finding Text
2022-001, Accounts receivable not being properly tracked. Condition: Accounts receivable were not being properly tracked and recorded. Criteria: Per the Uniform Guidance, a significant deficiency exists when there is a failure to reconcile accounts receivable in a timely or accurate manner. Cause: Former finance manager had multiple events in her personal life that were preventing her from focusing on her job and was unable to properly track receivables. Effect: Material misstatement in revenues and receivables that had to be written off due to lack of documentation. Recommendation: We recommend a system of internal controls be developed and put in place to ensure adequate tracking of receivables. Management response: This has been done as of the date of the audit. Former finance manager was replaced and a new accounts receivable tracking system was put into place.