Iowa Oncology Research Association

EIN: 421104334

UEI: H8L1ZGQ62AP9

Data as of August 26, 2026

Iowa Oncology Research Association10 audit years7 findings4 repeat
10
Audit Years
7
Total Findings
4
Repeat Findings

FY 2023-07-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 27, 2023. 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 April 27, 2024 (852 days ago).

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2023-001
Activities Allowed or Unallowed
REPEAT

Lack of segregation of duties.

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Lack of segregation of duties.

Corrective Action Plan

Management will continue to implement and monitor internal controls to mitigate risks related to segregation of duties.

Prior Finding References

2022-001

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2023-002
Activities Allowed or Unallowed
REPEAT

Auditor prepares the financial statements.

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Auditor prepares the financial statements.

Corrective Action Plan

None.  Management does not possess the skills, knowledge, or experience to prepare the financial statements or SEFA and will continue to rely on the auditor to prepare them.  Adding a person with suitable skills, knowledge, or experience does not provide a cost benefit to the organization.

Prior Finding References

2022-002

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FY 2022-07-31

FAC accepted this audit on January 2, 2022 — management decision was due July 2, 2022.

2021-001
Other

Due to the small size of the Organization, there is not sufficient staff to segregate accounting duties.

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Finding: Lack of segregation of duties. Condition: Due to the small size of the Organization, there is not sufficient staff to segregate accounting duties.

Corrective Action Plan

Recommendation: The cost of adding accounting staff would not provide sufficient benefit to alleviate the lack of segregation of duties. The auditor will perform additional testing procedures in response to this risk. Current Status: The lack of segregation of duties will remain a finding until the cost to alleviate the finding provides a benefit to the Organization.

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2021-002
Other

Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.

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Finding: Auditor prepares the financial statements and the Schedule of Expenditures of Federal Awards. Condition: Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.

Corrective Action Plan

Recommendation: The cost of hiring a member of management with suitable skills, knowledge, and experience would not provide sufficient benefit to the Organization. Current Status: The preparation of the financial statements and the Schedule of Expenditures of Federal Awards will remain a finding until the cost to alleviate the finding provides a benefit to the Organization.

About Other →
2022-001
Other
REPEAT

Due to the small size of the Organization, there is not sufficient staff to segregate accounting duties.

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Full finding narrative

Finding: Lack of segregation of duties. Condition: Due to the small size of the Organization, there is not sufficient staff to segregate accounting duties.

Corrective Action Plan

The lack of segregation of duties will remain a finding until the cost to alleviate the finding provides a benefit to the Organization.

Prior Finding References

2021-001

About Other →
2022-002
Other
REPEAT

Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.

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Full finding narrative

Finding: Auditor prepares the financial statements and the Schedule of the Expenditures of Federal Awards. Condition: Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.

Corrective Action Plan

The preparation of the financial statements and the Schedule of Expenditures of Federal Awards will remain a finding until the cost to alleviate the finding provides a benefit to the Organization.

Prior Finding References

2021-002

About Other →
GSA_MIGRATION
Activities Allowed or Unallowed / Matching, Level of Effort, Earmarking / Procurement & Suspension/Debarment / Subrecipient Monitoring / Special Tests & Provisions

GSA_MIGRATION

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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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