REPORT DIGEST

ILLINOIS CONSERVATION FOUNDATION

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2025

Release Date:  January 27, 2026

FINDINGS THIS AUDIT: 1

CATEGORY:  NEW -- REPEAT – TOTAL
Category 1:  0 -- 0 -- 0
Category 2:  0 -- 1 -- 1
Category 3:  0 -- 0 -- 0
TOTAL:  0 -- 1 -- 1

FINDINGS LAST AUDIT: 1

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General, 400 West
Monroe, Suite 306, Springfield, IL
62704-9849
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are also
available on the worldwide web at
www.auditor.illinois.gov

INTRODUCTION
This digest covers the financial audit of
the Illinois Conservation Foundation
(Foundation) as of and for the year ended
June 30, 2025. The Foundation’s compliance
examination covering the two years ended
June 30, 2025 will be released under a
separate cover.

SYNOPSIS

• (25-01) The Foundation did not have
adequate controls over review of internal
controls over its service providers.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

LACK OF ADEQUATE CONTROLS OVER THE REVIEW
OF INTERNAL CONTROLS OVER SERVICE PROVIDERS

The Illinois Conservation Foundation
(Foundation) did not have adequate controls
over the review of internal controls over
its service providers.

During testing of five service providers,
we noted the Foundation had not:

• Obtained and reviewed System and
Organization Controls (SOC) reports for
subservice providers or performed
alternative procedures to determine the
impact on its internal control environment.
Three service providers’ (60%) SOC reports
identified subservice providers.

• Conducted an analysis to determine the
impact of noted deviations within the SOC
reports for three (60%) service providers.
(Finding 1, pages 30-31) This finding was
first reported in fiscal year 2021.

We recommended the Foundation:

• Either obtain and review SOC reports of
subservice providers or perform alternative
procedures to ensure the use of the
subservice providers would not impact the
Foundation’s internal control environment,
and

• Conduct an analysis to determine the
impact of noted deviations within the SOC
reports.

The Foundation agreed with the
recommendation.

AUDITOR’S OPINION

The auditors stated the financial
statements of the Foundation as of and for
the year ended June 30, 2025, are fairly
stated in all material respects.

This financial audit was conducted by Roth
& Company, LLP.

COURTNEY DZIERWA
Division Director

This report is transmitted in accordance
with Section 3-14 of the Illinois State
Auditing Act.

FRANK J. MAUTINO
Auditor General

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