Finding 986809 (2022-002)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-12-26
Audit: 311960
Organization: Jenkins Living Center, Inc. (SD)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: The Center lacks a proper internal control system for preparing the Schedule of Expenditures of Federal Awards.
  • Impacted Requirements: Compliance with financial reporting standards is compromised, as the Center may struggle to prepare the schedule accurately without auditor assistance.
  • Recommended Follow-Up: Management should enhance awareness of financial reporting requirements and improve internal controls related to the schedule preparation.

Finding Text

2022-002 Department of Health and Human ServicesFederal Financial Assistance Listing/CFDA #93.498COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural DistributionApplicable Federal Award Number and Year ? Period 1 and Period 2 TIN#460242831Preparation of Schedule of Expenditures of Federal AwardsMaterial Weakness in Internal Control Over ComplianceCriteria: Proper controls over financial reporting include the ability to prepare the combined schedule of expenditures of federal awards (the schedule) and accompanying notes to the schedule.Condition: The Center does not have an internal control system designed to provide for the preparation of the schedule. As auditors, we were requested to assist with the preparation of the schedule.Cause: Auditor assistance with the preparation of the schedule is not unusual as the schedule has unique and specialized requirements and preparation is only required when the Center meets a specified threshold of federal expenditures.Effect: There is a reasonable possibility that the Center would not be able to draft the schedule that is correct without the assistance of the auditors.Questioned Costs: None reported.Context: Sampling was not used.Repeat Finding from Prior Years: NoRecommendation: While we recognized that this condition is not unusual for an organization with limited staffing, we recommend management be aware of the financial reporting requirements relating to the Center?s schedule and the internal controls that impact financial reporting.Views of Responsible Officials: Management agrees with the finding.

Categories

Reporting Material Weakness

Other Findings in this Audit

  • 410367 2022-002
    Material Weakness
  • 410368 2022-003
    Material Weakness
  • 410369 2022-004
    Significant Deficiency
  • 410370 2022-003
    Material Weakness
  • 986810 2022-003
    Material Weakness
  • 986811 2022-004
    Significant Deficiency
  • 986812 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.498 Provider Relief Fund $1.13M