FAC Explorer

Audit 268719

FY End
2022-03-31
Total Expended
$2.68M
Findings
22
Programs
8
Organization: Central Oklahoma Community Action Agency (OK)
Year: 2022 Accepted: 2023-03-29
Auditor: Saunders & Associates PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
279140 2022-003 Material Weakness - L
279141 2022-003 Material Weakness - L
279142 2022-003 Material Weakness - L
279143 2022-003 Material Weakness - L
279144 2022-003 Material Weakness - L
279145 2022-003 Material Weakness - L
279146 2022-003 Material Weakness - L
279147 2022-003 Material Weakness - L
279148 2022-003 Material Weakness - L
279149 2022-003 Material Weakness - L
279150 2022-003 Material Weakness - L
855582 2022-003 Material Weakness - L
855583 2022-003 Material Weakness - L
855584 2022-003 Material Weakness - L
855585 2022-003 Material Weakness - L
855586 2022-003 Material Weakness - L
855587 2022-003 Material Weakness - L
855588 2022-003 Material Weakness - L
855589 2022-003 Material Weakness - L
855590 2022-003 Material Weakness - L
855591 2022-003 Material Weakness - L
855592 2022-003 Material Weakness - L

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $673,520 Yes 1
93.569 Community Services Block Grant $594,080 Yes 1
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $115,384 Yes 1
20.509 Formula Grants for Rural Areas and Tribal Transit Program $75,060 - 1
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $61,370 - 1
14.231 Emergency Solutions Grant Program $37,633 - 1
97.024 Emergency Food and Shelter National Board Program $8,229 - 1
14.218 Community Development Block Grants/entitlement Grants $286 - 1

Contacts

Name Title Type
JE6MHTW6P8L1 Tracy Izell Auditee
4052756060 Gary Saunders Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards include the federal grant activity of Central Oklahoma Community Action Agency, Inc., (COCAA) under programs of the federal government for the year ended March 31, 2022. The information in this schedule is in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a portion of the operations of COCAA, it is not intended to, and does not present the financial position, changes in net position, or cash flows of COCAA.
Title: RELATIONSHIP TO FEDERAL FINANCIAL REPORTS Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Amounts reported in the accompanying schedules may not agree with the amounts reported in the related financial reports filed with the grantor agencies because of accruals made in the schedule which will be included in future reports filed with those agencies.
Title: CONTINGENT LIABILITIES Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The organization participates in a number of federally assisted programs. These programs are audited in accordance with Government Auditing Standards and the Single Audit Act Amendments of 1996, if applicable, in accordance with the required levels of Federal Financial Assistance. Audits of prior years have not resulted in any significant disallowed costs; however, grantor agencies may provide for further examinations.

Finding Details

Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.
Finding 2022-003
2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.