Welfare association wa management letter year ended december 31 2013
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Welfare Association (WA) Management Letter Year Ended December 31, 2013. Contents. 1. Executive Summary 1.1 Introduction & Background 1.2 Summary of Observations 1.3 Prior Year Findings 2. Detailed Observations 2.1 Concentration of Grants Received

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Welfare Association (WA) Management Letter Year Ended December 31, 2013

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Welfare association wa management letter year ended december 31 2013

Welfare Association (WA)Management LetterYear Ended December 31, 2013


Contents

Contents

  • 1. Executive Summary

  • 1.1 Introduction & Background

  • 1.2 Summary of Observations

  • 1.3 Prior Year Findings

  • 2. Detailed Observations

  • 2.1 Concentration of Grants Received

  • 2.2 Cash on Hand and at Banks

  • 2.3 Fixed Assets Register

  • 2.4Monitoring and Reporting

  • 3. Prior Year Observations


1 executive summary 1 1 introduction background

1. Executive Summary1.1 Introduction & Background

We have completed our audit of Welfare Association for the year ended December 31, 2013.

As part of our examination we studied and evaluated the Welfare Association system of

Internal accounting controls to the extent we considered necessary in order to meet the

requirements of International Standards on Auditing. These standards require a study and

evaluation of internal accounting control only for the purpose of determining the nature,

timing and extent of auditing procedures necessary for expressing an opinion on the

Welfare Association’s financial statements. Our study and evaluation was, therefore, more

limited than would be necessary to express an opinion on the system of internal accounting

Control taken as a whole and would not necessarily disclose all material weaknesses in the

system of the Welfare Association’s internal accounting control.

Our work to date indicates that the internal controls and accounting systems are effective to

meet the requirements to effectively manage the Welfare Association. Our work, however,

Indicates certain areas where the Welfare Association’s internal control systems and

accounting procedures may be enhanced. This report covers those areas of significance

identified to date, which require your kind attention.

This report has been prepared solely for the use of the Senior Management of

Welfare Association and is not appropriate for use by third parties.

1.


1 2 summary of observations

1.2 Summary of Observations

We have listed below a summary of our observations. The detailed observations and recommendations are in Section 2 of this report.

2.


1 3 prior year findings

1.3 Prior Year Findings

  • We have completed a follow up on the findings for the Management Letter issued in prior years and as a result we noted the following:

  • Out of the 5 audit findings identified in the Audit review conducted in 2012:

  • 2 findings were completed.

  • 2 findings are still outstanding .

  • And 1 is still ongoing .

  • Please refer to Section 3 of this report for details.

3.


2 detailed observations

2. Detailed Observations

4.


2 detailed observations1

2. Detailed Observations

4.


2 detailed observations2

2. Detailed Observations

5.


2 detailed observations3

2. Detailed Observations

5.


3 prior year observations

3. Prior Year Observations

8.


Welfare association wa management letter year ended december 31 2013

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