Sample Community College Summary Schedule of Prior Audit Findings Year ended June 30, 2017 Comment If not corrected, provide reason for finding’s Reference Comment Title Status recurrence and planned corrective action or other explanation II-B-14 Minority Business No longer valid; Over two years have passed since the 2015-001 Enterprise/ does not warrant reporting of this audit finding. The Grantor 2016-001 Business Enterprise further action. Agency has not followed up on this finding, (MBE/WBE) nor has a management decision been issued on its part. III-A-15 Segregation of Duties over Not corrected. Limited staff resulting from staff turnover. 2015-002 Federal Revenues Plan to segregate duties for custody, III-A-16 recordkeeping and reconciling among staff 2016-002 when positions are filled. II-B-15 Capital Assets Corrective action II-B-16 taken. 2016-003 Financial Reporting Partially corrected. Time was necessary to develop and implement review procedures. Timely report filing will begin with the quarter ending December 2017. In accordance with Uniform Guidance Section 200.511(a), the Summary Schedule of Prior Audit Findings must also include findings relating to the financial statements which are required to be reported in accordance with Government Auditing Standards.
Comment Reference Comment Title Status If not corrected, provide reason for finding’s recurrence and planned corrective action or other explanation II-B-14 2015-001 2016-001 Minority Business Enterprise/ Business Enterprise (MBE/WBE) No longer valid; does not warrant further action. Over two years have passed since the reporting of this audit finding. The Grantor Agency has not followed up on this finding, nor has a management decision been issued on its part. III-A-15 2015-002 III-A-16 2016-002 Segregation of Duties over Federal Revenues Not corrected. Limited staff resulting from staff turnover. Plan to segregate duties for custody, recordkeeping and reconciling among staff when positions are filled. II-B-15 II-B-16 Capital Assets Corrective action taken. 2016-003 Financial Reporting Partially corrected. Time was necessary to develop and implement review procedures. Timely report filing will begin with the quarter ending December 2017. Sample Community College Summary Schedule of Prior Audit Findings Year ended June 30, 2017 In accordance with Uniform Guidance Section 200.511(a), the Summary Schedule of Prior Audit Findings must also include findings relating to the financial statements which are required to be reported in accordance with Government Auditing Standards.
17CommunityCollegeSampleReport_A93F7FE325E4A.docx