{
    "document_id": 16541,
    "page": 62,
    "width_pt": 608.76,
    "height_pt": 795.6,
    "rotation": 0,
    "pipeline_version": "paddleocr-vl-1.6+paul-48",
    "engine": "paddleocr_vl",
    "source_run_id": 16652,
    "item_count": 12,
    "counts_by_type": {
        "footer": 1,
        "heading": 5,
        "text": 5,
        "title": 1
    },
    "build_ms": 1,
    "items": [
        {
            "id": "p62.1",
            "order": 1,
            "type": "title",
            "bbox": {
                "l": 219.5567,
                "t": 774.72,
                "r": 391.1229,
                "b": 728.64
            },
            "text": "Schedule of Prior Year Audit Findings",
            "attrs": {
                "block_label": "doc_title"
            },
            "level": 2
        },
        {
            "id": "p62.2",
            "order": 2,
            "type": "text",
            "bbox": {
                "l": 247.1513,
                "t": 712.56,
                "r": 362.8085,
                "b": 700.08
            },
            "text": "Year ended June 30, 2014"
        },
        {
            "id": "p62.3",
            "order": 3,
            "type": "heading",
            "bbox": {
                "l": 48.2305,
                "t": 683.28,
                "r": 132.6938,
                "b": 670.32
            },
            "text": "Finding 2013-001:",
            "level": 3
        },
        {
            "id": "p62.4",
            "order": 4,
            "type": "heading",
            "bbox": {
                "l": 62.3877,
                "t": 653.28,
                "r": 116.3771,
                "b": 641.52
            },
            "text": "Condition:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p62.5",
            "order": 5,
            "type": "text",
            "bbox": {
                "l": 61.4279,
                "t": 623.76,
                "r": 560.0496,
                "b": 583.2
            },
            "text": "During the year ended June 30, 2013 the University did not have adequate controls over financial reporting to allow for timely, accurate financial reporting. All general ledger accounts were not reconciled to subsidiary ledgers or other supporting detail at least on a quarterly basis."
        },
        {
            "id": "p62.6",
            "order": 6,
            "type": "heading",
            "bbox": {
                "l": 62.1477,
                "t": 567.84,
                "r": 95.7411,
                "b": 555.6
            },
            "text": "Effect:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p62.7",
            "order": 7,
            "type": "text",
            "bbox": {
                "l": 61.1879,
                "t": 537.6,
                "r": 560.5295,
                "b": 443.28
            },
            "text": "During the audit several adjusting journal entries which impacted the years ended June 30, 2013, 2012, and prior years, were recorded to accurately reflect the financial position of the University as of June 30, 2013. These journal entries primarily related to the reconciliation of student accounts receivable, grants receivable and the accrual of the sick leave liability. The sick leave liability was required by KRS 61.456 beginning with the year ended June 30, 2011. Net Position for years prior to the year ended June 30, 2012 was decreased by $2,368,336 as a result of these entries and Change in Net Position for the year ended June 30, 2012 was decreased by $809,127 as a result of these entries."
        },
        {
            "id": "p62.8",
            "order": 8,
            "type": "heading",
            "bbox": {
                "l": 61.9078,
                "t": 426.96,
                "r": 149.4905,
                "b": 414.72
            },
            "text": "Recommendation:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p62.9",
            "order": 9,
            "type": "text",
            "bbox": {
                "l": 60.948,
                "t": 397.2,
                "r": 560.5295,
                "b": 247.92
            },
            "text": "We recommend the University implement internal control procedures which require general ledger accounts to be reconciled at least quarterly. Not having accurate transactions posted in a timely manner can affect the financial statement information that is available for making informed business decisions and supervision of operations. This weakness in accounting infrastructure increases the risk of errors in the financial records and is less likely to detect irregularities, including fraud, on a timely basis. The quarterly reconciliation process allows for the preparation of accurate quarterly financial statements. The reconciliations of significant accounts should be reviewed as part of the quarterly financial statement package in preparation for presentation of the financial statements to the Board of Regents. Management should then satisfy itself as to the nature of any unusual reconciling items before authorizing adjustments to correct the balances. These adjustments should be thoroughly documented and promptly made so that it will not be necessary to carry them forward to the next reconciliation."
        },
        {
            "id": "p62.10",
            "order": 10,
            "type": "heading",
            "bbox": {
                "l": 61.6678,
                "t": 232.32,
                "r": 135.5733,
                "b": 220.08
            },
            "text": "Current Status:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p62.11",
            "order": 11,
            "type": "text",
            "bbox": {
                "l": 61.1879,
                "t": 202.32,
                "r": 414.1584,
                "b": 189.12
            },
            "text": "Except as noted in 2014-001, this finding has been resolved in the current year."
        },
        {
            "id": "p62.12",
            "order": 12,
            "type": "footer",
            "bbox": {
                "l": 297.7813,
                "t": 62.16,
                "r": 310.4988,
                "b": 52.08
            },
            "text": "60",
            "attrs": {
                "block_label": "number"
            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
}