FAC Explorer

Finding 977996 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-06-24
Audit: 309591
Organization: Ikm-Manning Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has control over multiple incompatible duties, which poses a risk to internal controls.
  • Impacted Requirements: This situation affects compliance with segregation of duties for major federal programs.
  • Recommended Follow-Up: Review and reassign responsibilities to ensure proper segregation of duties.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, receipts, payroll and financial reporting. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 401554 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $428,182
10.555 National School Lunch Program $274,568
84.010 Title I Grants to Local Educational Agencies $95,871
10.553 School Breakfast Program $32,508
84.027 Special Education_grants to States $31,463
81.255 Clean Energy Demonstrations $20,000
84.367 Improving Teacher Quality State Grants $19,227
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $8,061