The Finance, Budget, and Accounting Review encompassed a comprehensive assessment of
the organizations financial management practices. The audit aimed to ensure accurate and
timely financial reporting, adherence to accounting standards, and effective utilization of funds.
The audit process covered various areas, including fund accounting, standard operating.
procedures (SOPs), timely financials, staffing, office culture, governmental funds, asset
management, depreciations, general ledger (GL), accounts payable (AP), accounts receivable
(AR), collections, accounting systems, security, and record keeping.

The audit of fund accounting examined the organization’s financial transactions and records.
related to different funds, such as operating funds, restricted funds, and grants. This ensured.
that funds were properly allocated, tracked, and utilized according to the specified purposes.
The assessment of SOPs focused on reviewing the organizations financial policies and
procedures to identify any gaps or deficiencies. This helped establish standardized practices.
for financial operations and ensured consistency in financial reporting.

Timely financials were a key area of evaluation to ensure that financial statements, including.
income statements, balance sheets, and cash flow statements, were prepared accurately and
within the required reporting timelines.

Staffing and office culture were assessed to determine if there were sufficient resources and
qualified personnel responsible for fiscal management. The audit also examined the overall
office culture to identify any factors that may have impacted financial operations and efficiency.
The audit specifically addressed governmental funds to ensure compliance with applicable.
regulations and requirements related to the use of public funds.

All assets, including property, equipment, and investments, were reviewed to ensure.
proper recording, valuation, and depreciation. This assessment helped safeguard the
organizations assets and maintained accurate financial records.

The audit scrutinized the general ledger (GL), accounts payable (AP), accounts receivable.
(AR), and collections processes to identify any irregularities, discrepancies, or inefficiencies in
financial transactions and reporting.

The accounting system, including software and internal controls, was assessed for its
reliability, security, and effectiveness in capturing and processing financial data accurately.
Security and record keeping were evaluated to ensure that appropriate measures were in place to protect financial information and records from unauthorized access, loss, or tampering.

In summary, the Finance, Budget, and Accounting Audit covers a wide range of areas,
including fund accounting, SOPs, timely financials, staffing, office culture, governmental funds,
asset management, depreciations, GL, AP, AR, collections, accounting systems, security, and
record keeping. The audit aimed to enhance fiscal management practices, ensure compliance with regulations, and strengthen the overall financial stability and accountability of
the organization.

Tools we use for data gathering are but not limited to current and previous financial, reports, annuals audits, groups meetings, and 1:1 meeting. Each area report is presented to Executive Leadership, Board, and/or Stakeholders at the end of each review and evaluation. Actionable recommendations will be provided for addressing the identified gaps and vulnerabilities. The findings and recommendations will then be presented in the report, ensuring a clear understanding, and addressing any initial concerns.