Does the Subrecipient have financial management policies and procedures in place? N/A Yes Finding If no, the remaining questions within this No Concern Section are not applicable. Technical Assistance should be provided. Have the financial Subrecipient’s N/A management policies and procedures been Yes Finding reviewed during a previous monitoring No Concern review? Have any issues been discovered based on prior reviews of the Subrecipient’s financial management policies and Yes N/A procedures or have any revisions been No Finding made since the previous review? N/A Concern If no, mark for the remaining “N/A” questions in this Section. N/A Yes Are the policies and procedures documented? Finding No Concern Does the Subrecipient have a process in place Yes N/A for communicating policies and procedures No Finding Concern (including updates) to staff? Financial Management Policy and Procedures Requirements Internal Controls Requirements - Do the financial management policies and procedures Yes N/A require defined staff qualifications and duties, No Finding lines of authority, and separation of functions? Concern [24CFR85.20(b)(3) and 84.21(a)(3)] Internal Controls Requirements - Do the financial management policies and procedures Yes N/A require control over secure access to assets, No Finding blank forms, and confidential documents? Concern [24CFR85.20(b)(3) and 84.21(b)(3)] Internal Controls Requirements - Do the financial management policies and procedures Yes N/A include a process for approving and recording No Finding transactions? Concern [24CFR85.20(b)(3) and 84.21(b)(3)]
Does the Subrecipient have financial management policies and procedures in place? If no, the remaining questions within this Section are not applicable. Technical Assistance should be provided. Yes No N/A Finding Concern Have the Subrecipient’s financial management policies and procedures been reviewed during a previous monitoring review? Yes No N/A Finding Concern Have any issues been discovered based on prior reviews of the Subrecipient’s financial management policies and procedures or have any revisions been made since the previous review? If no, mark “N/A” for the remaining questions in this Section. Yes No N/A N/A Finding Concern Are the policies and procedures documented? Yes No N/A Finding Concern Does the Subrecipient have a process in place for communicating policies and procedures (including updates) to staff? Yes No N/A Finding Concern Financial Management Policy and Procedures Requirements Internal Controls Requirements - Do the financial management policies and procedures require defined staff qualifications and duties, lines of authority, and separation of functions? [24CFR85.20(b)(3) and 84.21(a)(3)] Yes No N/A Finding Concern Internal Controls Requirements - Do the financial management policies and procedures require control over secure access to assets, blank forms, and confidential documents? [24CFR85.20(b)(3) and 84.21(b)(3)] Yes No N/A Finding Concern Internal Controls Requirements - Do the financial management policies and procedures include a process for approving and recording transactions? [24CFR85.20(b)(3) and 84.21(b)(3)] Yes No N/A Finding Concern
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