FAC Explorer

Audit 321217

FY End
2023-12-31
Total Expended
$1.31M
Findings
4
Programs
1
Organization: American Academy of Child and Adolescent Psychiatry (DC)
Year: 2023 Accepted: 2024-09-26
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
498499 2023-003 Material Weakness Yes P
498500 2023-003 Material Weakness Yes P
1074941 2023-003 Material Weakness Yes P
1074942 2023-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
93.279 Drug Abuse and Addiction Research Programs $661,179 Yes 1

Contacts

Name Title Type
MDJJCNVWMMN3 Heidi Fordi Auditee
2029667502 Jeri Fleming Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. 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. De Minimis Rate Used: N Rate Explanation: The Academy uses an 8% rate per the grant agreement. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of American Academy of Child and Adolescent Psychiatry and Affiliates (the Academy) under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with 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 the Academy, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Academy.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. 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. De Minimis Rate Used: N Rate Explanation: The Academy uses an 8% rate per the grant agreement. Expenses reported on the Schedule are reported on the accrual basis of accounting. 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.
Title: Indirect Cost Rate Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. 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. De Minimis Rate Used: N Rate Explanation: The Academy uses an 8% rate per the grant agreement. The Academy did not elect to use the 10% de minimis cost rate.

Finding Details

Finding 2023-003
Section III. Findings and Questioned Costs for Federal Awards Other Matter - Noncompliance/Material Weakness Finding 2023-003: Timely Submission of the Data Collection Form Research and Development Cluster (93.279) Agency and Award: Department of Health and Human Services: National Institutes of Health Drug Abuse and Addiction Research Programs for Assistance Listing Number 93.279 Criteria: Under the Uniform Grant Guidance, Section 200.512, Report Submission, the audit must be completed and the data collection form must be submitted within the earlier of 30 days of the auditor’s report or nine months after the end of the audit period. Condition: The Academy’s 2022 data collection form was not submitted within nine months after the end of the audit period. Cause: The audit was not able to be completed before the deadline due to the material weakness noted in Finding 2023-001. Effect: Non-timely electronic submission of federal reporting package represents noncompliance with regulations, which could have implications on federal funding. Context: The Academy did not have a proper set of internal controls in place to report timely. Questioned costs: None reported Repeat Finding: Yes, a finding in 2022, 2022-003 and in 2021, 2021-002. Recommendation: We recommend the Academy ensure its controls over timely electronic submission of federal report package is effective. Views of responsible officials and planned corrective actions: The Academy agrees with the finding. See corrective action plan.
Finding 2023-003
Section III. Findings and Questioned Costs for Federal Awards Other Matter - Noncompliance/Material Weakness Finding 2023-003: Timely Submission of the Data Collection Form Research and Development Cluster (93.279) Agency and Award: Department of Health and Human Services: National Institutes of Health Drug Abuse and Addiction Research Programs for Assistance Listing Number 93.279 Criteria: Under the Uniform Grant Guidance, Section 200.512, Report Submission, the audit must be completed and the data collection form must be submitted within the earlier of 30 days of the auditor’s report or nine months after the end of the audit period. Condition: The Academy’s 2022 data collection form was not submitted within nine months after the end of the audit period. Cause: The audit was not able to be completed before the deadline due to the material weakness noted in Finding 2023-001. Effect: Non-timely electronic submission of federal reporting package represents noncompliance with regulations, which could have implications on federal funding. Context: The Academy did not have a proper set of internal controls in place to report timely. Questioned costs: None reported Repeat Finding: Yes, a finding in 2022, 2022-003 and in 2021, 2021-002. Recommendation: We recommend the Academy ensure its controls over timely electronic submission of federal report package is effective. Views of responsible officials and planned corrective actions: The Academy agrees with the finding. See corrective action plan.
Finding 2023-003
Section III. Findings and Questioned Costs for Federal Awards Other Matter - Noncompliance/Material Weakness Finding 2023-003: Timely Submission of the Data Collection Form Research and Development Cluster (93.279) Agency and Award: Department of Health and Human Services: National Institutes of Health Drug Abuse and Addiction Research Programs for Assistance Listing Number 93.279 Criteria: Under the Uniform Grant Guidance, Section 200.512, Report Submission, the audit must be completed and the data collection form must be submitted within the earlier of 30 days of the auditor’s report or nine months after the end of the audit period. Condition: The Academy’s 2022 data collection form was not submitted within nine months after the end of the audit period. Cause: The audit was not able to be completed before the deadline due to the material weakness noted in Finding 2023-001. Effect: Non-timely electronic submission of federal reporting package represents noncompliance with regulations, which could have implications on federal funding. Context: The Academy did not have a proper set of internal controls in place to report timely. Questioned costs: None reported Repeat Finding: Yes, a finding in 2022, 2022-003 and in 2021, 2021-002. Recommendation: We recommend the Academy ensure its controls over timely electronic submission of federal report package is effective. Views of responsible officials and planned corrective actions: The Academy agrees with the finding. See corrective action plan.
Finding 2023-003
Section III. Findings and Questioned Costs for Federal Awards Other Matter - Noncompliance/Material Weakness Finding 2023-003: Timely Submission of the Data Collection Form Research and Development Cluster (93.279) Agency and Award: Department of Health and Human Services: National Institutes of Health Drug Abuse and Addiction Research Programs for Assistance Listing Number 93.279 Criteria: Under the Uniform Grant Guidance, Section 200.512, Report Submission, the audit must be completed and the data collection form must be submitted within the earlier of 30 days of the auditor’s report or nine months after the end of the audit period. Condition: The Academy’s 2022 data collection form was not submitted within nine months after the end of the audit period. Cause: The audit was not able to be completed before the deadline due to the material weakness noted in Finding 2023-001. Effect: Non-timely electronic submission of federal reporting package represents noncompliance with regulations, which could have implications on federal funding. Context: The Academy did not have a proper set of internal controls in place to report timely. Questioned costs: None reported Repeat Finding: Yes, a finding in 2022, 2022-003 and in 2021, 2021-002. Recommendation: We recommend the Academy ensure its controls over timely electronic submission of federal report package is effective. Views of responsible officials and planned corrective actions: The Academy agrees with the finding. See corrective action plan.