As CFO, how do you manage a grants and contributions program with what, based on this audit, I will continue to call loose financial practices—processes and internal controls around cash flow, claims reviews, use of advances and, on top of that, missing project files, which were also noted in the audit? Loose internal controls are a gateway to fraud and obfuscation. What is the scope of financial mismanagement and resultant risks that this committee should be made aware of?
On October 1st, 2024. See this statement in context.