{
    "document_id": 16528,
    "page": 102,
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    "source_run_id": 16639,
    "item_count": 19,
    "counts_by_type": {
        "footer": 1,
        "header": 1,
        "heading": 4,
        "list_item": 1,
        "text": 12
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    "build_ms": 2,
    "items": [
        {
            "id": "p102.1",
            "order": 1,
            "type": "header",
            "bbox": {
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            "text": "KENTUCKY STATE UNIVERSITY\nSCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED)\nYEAR ENDED JUNE 30, 2024",
            "attrs": {
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            },
            "level": 2
        },
        {
            "id": "p102.2",
            "order": 2,
            "type": "heading",
            "bbox": {
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            "text": "Section II – Financial Statement Findings (Continued)",
            "attrs": {
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            "level": 3
        },
        {
            "id": "p102.3",
            "order": 3,
            "type": "heading",
            "bbox": {
                "l": 52.08,
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            },
            "text": "2024 – 002 – Account Reconciliations and Documented Processes (Continued)",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p102.4",
            "order": 4,
            "type": "text",
            "bbox": {
                "l": 51.12,
                "t": 617.52,
                "r": 559.44,
                "b": 577.92
            },
            "text": "Effect: The potential effects of the above matters are that interim and year end information may contain errors that may not be detected and corrected on a timely basis. As a result, users of the financial statements could make decisions based on financial results that are not complete and accurate."
        },
        {
            "id": "p102.5",
            "order": 5,
            "type": "text",
            "bbox": {
                "l": 51.36,
                "t": 567.36,
                "r": 559.68,
                "b": 540.72
            },
            "text": "Cause: Formal policies and procedures requiring monthly or quarterly close procedures does not exist and a comprehensive business procedures manual has not been completed."
        },
        {
            "id": "p102.6",
            "order": 6,
            "type": "text",
            "bbox": {
                "l": 51.84,
                "t": 529.2,
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            "text": "Repeat Finding: Yes, 2023-001."
        },
        {
            "id": "p102.7",
            "order": 7,
            "type": "text",
            "bbox": {
                "l": 51.6,
                "t": 503.76,
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            "text": "Recommendation: We recommend management implement a monthly or quarterly close policy that identifies the accounts that are to be reconciled and adjusted during this process and finalize a business procedures manual."
        },
        {
            "id": "p102.8",
            "order": 8,
            "type": "text",
            "bbox": {
                "l": 51.36,
                "t": 453.36,
                "r": 559.2,
                "b": 426.96
            },
            "text": "Views of responsible officials and planned corrective actions: There is no disagreement with the audit finding."
        },
        {
            "id": "p102.9",
            "order": 9,
            "type": "heading",
            "bbox": {
                "l": 51.6,
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            "text": "2024 – 003 – Bank Reconciliations",
            "attrs": {
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            },
            "level": 3
        },
        {
            "id": "p102.10",
            "order": 10,
            "type": "heading",
            "bbox": {
                "l": 52.56,
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            },
            "text": "Type of Finding:",
            "level": 3
        },
        {
            "id": "p102.11",
            "order": 11,
            "type": "list_item",
            "bbox": {
                "l": 86.64,
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            "text": "Material Weakness in Internal Control over Financial Reporting"
        },
        {
            "id": "p102.12",
            "order": 12,
            "type": "text",
            "bbox": {
                "l": 51.12,
                "t": 338.64,
                "r": 389.28,
                "b": 324.96
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            "text": "Condition: Bank reconciliations are not performed on a timely basis."
        },
        {
            "id": "p102.13",
            "order": 13,
            "type": "text",
            "bbox": {
                "l": 51.84,
                "t": 313.2,
                "r": 559.44,
                "b": 274.56
            },
            "text": "Criteria or specific requirement: Internal controls are critical to ensure accurate financial reporting. These would include the performance and review of bank reconciliations shortly after the receipt of a bank statement each month."
        },
        {
            "id": "p102.14",
            "order": 14,
            "type": "text",
            "bbox": {
                "l": 51.36,
                "t": 262.56,
                "r": 559.92,
                "b": 222.96
            },
            "text": "Effect: The potential effects of the above matters are that interim and year end information may contain errors that may not be detected and corrected on a timely basis, as well as misappropriation of cash not being detected on a timely basis."
        },
        {
            "id": "p102.15",
            "order": 15,
            "type": "text",
            "bbox": {
                "l": 51.6,
                "t": 211.92,
                "r": 336.72,
                "b": 198.48
            },
            "text": "Cause: Certain cash accounts were not reconciled timely."
        },
        {
            "id": "p102.16",
            "order": 16,
            "type": "text",
            "bbox": {
                "l": 51.84,
                "t": 187.44,
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                "b": 173.52
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            "text": "Repeat Finding: Yes, 2023-002."
        },
        {
            "id": "p102.17",
            "order": 17,
            "type": "text",
            "bbox": {
                "l": 51.36,
                "t": 161.28,
                "r": 559.92,
                "b": 122.4
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            "text": "Recommendation: We recommend that cash reconciliations be completed and reviewed, no later than a month after the period being reconciled and any required adjustments be made timely within the general ledger."
        },
        {
            "id": "p102.18",
            "order": 18,
            "type": "text",
            "bbox": {
                "l": 51.84,
                "t": 110.64,
                "r": 559.92,
                "b": 84.72
            },
            "text": "Views of responsible officials and planned corrective actions: There is no disagreement with the audit finding."
        },
        {
            "id": "p102.19",
            "order": 19,
            "type": "footer",
            "bbox": {
                "l": 294.72,
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                "b": 34.8
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            "text": "(103)",
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                "block_label": "number"
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    ],
    "excluded_furniture": {
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