{UAH} Fw: UNAA Final Audit Report 2015 - 2017

UNAA Final Audit Report 2015 - 2017

For Immediate Release Tuesday, February, 13th, 2018 UNAA Final Audit Report 2015 - 2017 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 1st, 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. UNAA Final Audit Report 2015 - 2017

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