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UNAA Financials | UNAA Audit Report For 2015 – 2017 Made Public

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Posted February 13, 2018 by Ugandan Diaspora News Team in UNAA AUDIT REPORT 2015-2017 ~ 1,401 views

     

EXECUTIVE SUMMARY — In accordance with Article eleven, Section 11.5, of UNAA Constitution and by-laws, MK.Accounting Firm, LLC has conducted an audit of activities of the Ugandan North America Association (UNAA) for the period 2015 through 2017 (October 1st, 2014 to October 1s, 2017).

The objectives of our audit were to provide a detailed analysis of historical expenditures documenting how funds were spent and identify potential errors, irregularities, and questionable expenditures. We also performed an internal control review identifying potential internal control deficiencies and recommendations for correcting them. Lastly, we identified and provided potential efficiencies and procedures that would lead to cost savings for UNAA.

We executed this performance audit in accordance with Generally Accepted Auditing Standards (GAAS) issued by the American Institute of Certified Public Accountants (AICPA’s) Auditing Standards Board. Those standards require that we plan and perform the audit to obtain sufficient, appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives. We believe that the evidence obtained provides a reasonable basis for our findings and conclusions.

This audit was to ensure that UNAA has control systems in place to safeguard its assets. Our audit revealed how lack of adequate controls can lead to an abuse of a nonprofit agency’s assets. The audit shows possible questionable expenditure findings totaling at least $78,000 dollars.

Full financial report in link below. — http://files.constantcontact.com/1034b2ce601/275f27f8-5db1-4c15-918d-7fa946756b3f.pdf


About the Author

Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

2 Comments


  1.  
    Desire Kay

    Read the report and there is poor management of financial aspects of the organization.




  2.  
    nanospray

    Ugandan Diaspora News Team, thanks! And thanks for sharing your great posts every week!





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