Condition: The SEFA provided for audit contained material errors in the amounts reported as federal awards.
Status: Corrective action was taken.
Condition: During the audit of fiscal year 2023 financial statements, it was noted that a significant number of transactions selected were not supported by receipts or management approval. During the audit of fiscal year 2022 financial statements, it was noted that usage agreements for all cardholders were either not obtained or not maintained. It was also noted that review of credit card purchases was not adequate for proper management oversight. Although the Purchasing department required all receipts and supporting documentation for credit card purchases as part of the submission of expense reports, no supervisory review of the validity and/or necessity of purchases was performed.
Status: See current year finding 2024-005.
Reason for finding's recurrence: Turnover in the finance area, along with inherited challenges in processes, controls, accounting, and documentation, resulted in delays in the completion of audits as well as a recurring finding.
Corrective Action: See the University's 2024 Corrective Action Plan.
Condition: Management did not complete an analysis or adjust the general ledger to ensure the proper amount of accrued payroll was reflected.
Status: Corrective action was taken.
Condition: Supporting documentation for students who were selected for verification was not maintained.
Status: See current year finding 2024-07
Reason for finding's recurrence: Turnover in student financial aid, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.
Corrective Action: See the University's 2024 Corrective Action Plan.