Audit 30715

FY End

2022-12-31

Total Expended

$951,907

Findings

4

Programs

1

Organization: American Institute for Foreign Study Foundation, Inc. (CT)

Year: 2022 Accepted: 2023-09-26

Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
29708	2022-001	Material Weakness	-	B
29709	2022-002	Material Weakness	-	H
606150	2022-001	Material Weakness	-	B
606151	2022-002	Material Weakness	-	H

ALN	Program	Spent	Major	Findings
19.415	Professional and Cultural Exchange Programs - Citizen Exchanges	$951,907	Yes	2

Contacts

Name	Title	Type
HZRGZV87XM52	James Mahoney	Auditee
2033995143	Nicole Lee	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of American Institute For Foreign Study Foundation, Inc., under programs of the federal government for the year ended December 31, 2022. The information in the Schedule is presented 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 selected portion of the operations of American Institute For Foreign Study Foundation, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of American Institute For Foreign Study Foundation, Inc. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. For cost-reimbursement awards, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. For performance-based awards, expenditures reported represent amounts earned. De Minimis Rate Used: N Rate Explanation: American Institute For Foreign Study Foundation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-001

2022-001 Federal Agency U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: September 30, 2019 - September 30, 2023; April 9, 2019 ? August 31, 2022; July 26, 2022 ? September 30, 2025 Type of Finding: * Material Weakness in Internal Control over Compliance * Material Noncompliance (Modified Opinion) Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of allowable costs. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: No Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.

Finding 2022-002

2022-002 Federal Agency: U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: July 26, 2022 ? September 30, 2025 Type of Finding: * Material Weakness in Internal Control over Compliance *Material Noncompliance (Modified Opinion) Criteria or specific requirement: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of period of performance. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing over period of performance, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure costs were properly charged to awards within the period of performance. Cause: Exception was caused due to inadequate review over period of performance compliance. Effect: Expenditures for the award were overstated for prior period expenditures. Repeat Finding: No Recommendation: We recommend American Institute For Foreign Study Foundation, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are charged to grants in the proper period. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.

Finding 2022-001

2022-001 Federal Agency U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: September 30, 2019 - September 30, 2023; April 9, 2019 ? August 31, 2022; July 26, 2022 ? September 30, 2025 Type of Finding: * Material Weakness in Internal Control over Compliance * Material Noncompliance (Modified Opinion) Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of allowable costs. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: No Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.

Finding 2022-002

2022-002 Federal Agency: U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: July 26, 2022 ? September 30, 2025 Type of Finding: * Material Weakness in Internal Control over Compliance *Material Noncompliance (Modified Opinion) Criteria or specific requirement: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of period of performance. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing over period of performance, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure costs were properly charged to awards within the period of performance. Cause: Exception was caused due to inadequate review over period of performance compliance. Effect: Expenditures for the award were overstated for prior period expenditures. Repeat Finding: No Recommendation: We recommend American Institute For Foreign Study Foundation, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are charged to grants in the proper period. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.