Institutional Federal Compliance Report 2021

STATE OF NEW YORK

Schedule of Findings and Questioned Costs

Year ended March 31, 2018

Cause The condition found was primarily due to the timing of when the Office developed and implemented its risk assessment procedures at the end of the current fiscal year and did not allow for management to utilize the results as part of its current fiscal year monitoring activities. Possible Asserted Effect Failure to perform a timely risk assessment over each subrecipient to determine appropriate subrecipient monitoring procedures may result in procedures that are insufficient to detect noncompliance with laws, regulations, and the terms and conditions of the award. Statistical Sampling The sample was not intended to be and was not a statistically valid sample. Questioned Costs None. Recommendation We recommend that the Office continue to utilize its risk assessment procedures developed during the current year and utilize the results of the risk assessment performed to determine the appropriateness of their subrecipient monitoring procedures. Views of Responsible Officials Recommendation accepted. New policies, procedures and internal controls are being developed, and the implementation of the new procedures are in progress. See corrective action plan for more details.

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(Continued)