We conducted a limited scope audit of South Arts for the period of July 1, 2015 to June 30, 2018. This type of audit involves a limited review of financial and nonfinancial information to ensure validity and accuracy of award recipients’ reported information, and compliance with state and Federal requirements. Our limited scope audit concluded that South Arts generally did not comply with the financial management system and recordkeeping requirements established by the OMB and NEA. While performance requirements were generally satisfied, we identified multiple financial management and internal control areas requiring improvement to ensure that South Arts complies with OMB and NEA award requirements as follows: South Arts reported unallowable costs on its Federal Financial Reports (FFRs) for two NEA Awards; South Arts reported duplicate costs on its FFR for one NEA award; South Arts did not report actual costs on its FFRs for two NEA awards; South Arts did not maintain adequate documentation to support costs charged to three NEA awards; South Arts did not maintain current debarment and suspension policies and procedures; South Arts did not comply with Federal requirements related to record retention; and South Arts did not have policies and procedures for the management of Federal awards.
Friday, March 22, 2019
Agency Reviewed / Investigated:
Type of Report:
Funds for Better Use:
Number of Recommendations:
|South Arts Final Report.pdf||775.68 KB|