Finding 976386 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-06-05

AI Summary

  • Core Issue: The organization lacks an effective internal control system for preparing accurate financial statements and federal award schedules.
  • Impacted Requirements: Existing controls failed to identify necessary audit adjustments and reclassifications.
  • Recommended Follow-Up: Implement a robust internal control system to ensure accurate financial reporting and compliance.

Finding Text

The Organization does not have an internal control system designed to provide for the preparation of the full financial statements and schedule of expenditures of federal awards being audited. In addition, we propose audit adjustments and reclassifications that would not have been identified as a result of the organization’s existing internal controls. As auditors, we are requested to draft the financial statements and accompanying notes to the financial statements and the SEFA.

Categories

Reporting

Other Findings in this Audit

  • 399944 2022-001
    Material Weakness Repeat
  • 399945 2022-002
    Significant Deficiency Repeat
  • 399946 2022-003
    Material Weakness Repeat
  • 399947 2022-004
    Material Weakness Repeat
  • 399948 2022-005
    Material Weakness
  • 976387 2022-002
    Significant Deficiency Repeat
  • 976388 2022-003
    Material Weakness Repeat
  • 976389 2022-004
    Material Weakness Repeat
  • 976390 2022-005
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.498 Provider Relief Fund $1.29M