Finding Text
Finding 2023-002 Considered a significant deficiency
Criteria: Under the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance), auditees are required to establish and maintain effective internal controls that provide reasonable
assurance that the federal awards are in compliance with Federal statutes, regulations, and the terms and
conditions of the Federal award.
Condition: Financial Status Reports (FSRs) were prepared and submitted by one person without review by
another person.
Cause: The Organization did not have controls in place requiring FSRs to be reviewed by someone other than
the preparer.
Effect: Errors or misstatements could occur without timely detection.
Questioned Costs: $0
Recommendation: The Organization should implement a process to ensure FSRs are reviewed by someone
other than the preparer and the review is documented for future reference.
Management's View: The Organization concurs with the facts of this finding and is implementing review
procedures.