SoonerVerse, Inc.

EIN: 270859143

UEI: EECTB3QS17F8

Data as of August 23, 2026

SoonerVerse, Inc.5 audit years6 findings2 repeat
5
Audit Years
6
Total Findings
2
Repeat Findings

FY 2022-08-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 18, 2024. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by March 18, 2025 (523 days ago).

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2022-001
Cost Allowability
MATERIAL WEAKNESSREPEAT

allow for the normal processing of financial transactions and preparation of reliable financial information.

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allow for the normal processing of financial transactions and preparation of reliable financial information.

Corrective Action Plan

Employee turnover and staffing challenges at the height of the pandemic created difficulties for the organization; however, in August 2021, the organization hired a new Finance Director. The Finance Director evaluated the current company that was handling the financial process and its ability to manage the organization's needs appropiately. At that time, the organization ended that relationship and hired an outside CPA firm in March of 2022 to implement a new accounting system and establish reliable processes moving forward.

Prior Finding References

2021-001

About Allowable Costs / Cost Principles →
2022-002
Cost Allowability
REPEAT

immediately require all employees to prepare them for each pay period.

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immediately require all employees to prepare them for each pay period.

Corrective Action Plan

By August 2022, the organization had implement a new workforce management tool, enhancing the transparency of the time and effort tracking, with employees attesting to their hours worked per grant. This detailed data now accurately documents the salaries charged to each of the organization's grants, instilling confidence in the improved process.

Prior Finding References

2021-001

About Allowable Costs / Cost Principles →
2022-003
Cost Allowability

Recommendation: Management should establish policies and procedures to ensure that all disbursements are reviewed to ensure they meet federal cost principles and are approved by an appropriate level of management.

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Recommendation: Management should establish policies and procedures to ensure that all disbursements are reviewed to ensure they meet federal cost principles and are approved by an appropriate level of management.

Corrective Action Plan

The organization implemented an accounts payable policy to govern disbursement activity. The previous process included informal documentation via email, which has been replaced with a more formal documentation process. The organization reviewed all prior disbursement procedures, and to mitigate any impact, it established a formalized approval policy that is reflective of the current practice.

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2022-004
Cash Management

that they have been reviewed and approved by an appropriate level of management.

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that they have been reviewed and approved by an appropriate level of management.

Corrective Action Plan

The organization, including management, would review a detailed list of expenditures to ensure they were associated with the correct grant. However, the process was informal and did not provide the correct documentation. The organization has created a new process to create and retain documentation for each drawdown, which is reviewed and now available for further audits to ensure no improper drawdowns took place.

About Cash Management →
2022-005
Period of Performance

level of management.

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level of management.

Corrective Action Plan

The organization has created a new process to create and retain documentation for each drawdown, which is reviewed and now available for further audits to ensure no improper drawdowns took place, including the grant year associated with each drawdown.

About Period of Performance →
2022-006
Procurement & Suspension/Debarment

reviewed and approved by an appropriate level of management.

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reviewed and approved by an appropriate level of management.

Corrective Action Plan

The position that held this responsibility was removed in April 2021. At that time, this task was not a known activity to be performed. The organization has updated the job description of the person responsible for this task now and has corrected this oversight moving forward.

About Procurement and Suspension and Debarment →

Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.

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