Audit 322684

FY End
2023-12-31
Total Expended
$1.80M
Findings
16
Programs
6
Organization: Academyhealth (DC)
Year: 2023 Accepted: 2024-09-30

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
499822 2023-003 - - B
499823 2023-003 - - B
499824 2023-003 - - B
499825 2023-003 - - B
499826 2023-003 - - B
499827 2023-003 - - B
499828 2023-003 - - B
499829 2023-002 - - L
1076264 2023-003 - - B
1076265 2023-003 - - B
1076266 2023-003 - - B
1076267 2023-003 - - B
1076268 2023-003 - - B
1076269 2023-003 - - B
1076270 2023-003 - - B
1076271 2023-002 - - L

Contacts

Name Title Type
ERAEDE6KENE6 Holly Hueston Auditee
2022926700 Tracy Morey Auditor
No contacts on file

Notes to SEFA

Title: Note 1 – Basis of presentation Accounting Policies: NOTE 1 - BASIS OF PRESENTATION - The accompanying schedule of expenditures of Federal awards (the Schedule) includes the Federal grant activity of AcademyHealth under programs of the Federal government for the year ended December 31, 2023. 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 AcademyHealth, it is not intended to and does not present the financial position, changes in net assets or cash flows of AcademyHealth. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES - Expenditures 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. NOTE 3 – INDIRECT COST RATE - AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of Federal awards (the Schedule) includes the Federal grant activity of AcademyHealth under programs of the Federal government for the year ended December 31, 2023. 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 AcademyHealth, it is not intended to and does not present the financial position, changes in net assets or cash flows of AcademyHealth.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES Accounting Policies: NOTE 1 - BASIS OF PRESENTATION - The accompanying schedule of expenditures of Federal awards (the Schedule) includes the Federal grant activity of AcademyHealth under programs of the Federal government for the year ended December 31, 2023. 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 AcademyHealth, it is not intended to and does not present the financial position, changes in net assets or cash flows of AcademyHealth. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES - Expenditures 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. NOTE 3 – INDIRECT COST RATE - AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. Expenditures 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: NOTE 3 – INDIRECT COST RATE Accounting Policies: NOTE 1 - BASIS OF PRESENTATION - The accompanying schedule of expenditures of Federal awards (the Schedule) includes the Federal grant activity of AcademyHealth under programs of the Federal government for the year ended December 31, 2023. 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 AcademyHealth, it is not intended to and does not present the financial position, changes in net assets or cash flows of AcademyHealth. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES - Expenditures 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. NOTE 3 – INDIRECT COST RATE - AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
Title: NOTE 4 – RECONCILIATION Accounting Policies: NOTE 1 - BASIS OF PRESENTATION - The accompanying schedule of expenditures of Federal awards (the Schedule) includes the Federal grant activity of AcademyHealth under programs of the Federal government for the year ended December 31, 2023. 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 AcademyHealth, it is not intended to and does not present the financial position, changes in net assets or cash flows of AcademyHealth. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES - Expenditures 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. NOTE 3 – INDIRECT COST RATE - AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: AcademyHealth did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. The table below summarizes a reconciliation between the revenue reported on the financial statements for the year ended December 31, 2023 and the federal grant expenditures reported on the schedule of expenditures of federal awards for the year ended December 31, 2023: See the Notes to the SEFA for chart/table.

Finding Details

Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Federal Funding Accountability and Transparency Act of 2006 (Pub. L. 109–282), as amended by section 6202 of Public Law 110–252, recipients must report information for each subaward of $30,000 or more in Federal funds and executive total compensation, as outlined in Appendix A to 2 CFR Part 170. The information is to be submitted to the FFATA Subaward Reporting System (FSRS) by the end of the month following the month in which the subaward was awarded. Condition: During the review of the reporting compliance requirement related to major programs, it was determined that the information was not submitted to FSRS within the required deadline. Effect: Failure to submit the FSRS by the submission deadline results in noncompliance with the Federal Funding Accountability and Transparency Act of 2006 as outlined in Appendix A to 2 CFR Part 170. Perspective: FSRS reporting for two of two subawards issued was not submitted by the due date. All reporting was tested. Cause: Internal controls over financial reporting were not operating effectively to ensure filing to the FSRS in a timely manner. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding required reporting for each Federal award and develop an effective reporting tracking system to allow AcademyHealth to monitor and ensure reports are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Uniform Guidance Appendix IV Part 200, item C(2)(c), organizations that have previously established indirect cost rates must submit a new indirect cost proposal to the cognizant agency for indirect costs within six months after the close of each fiscal year. Condition: AcademyHealth had a Health and Human Services approved provisional rate through December 31, 2022. For 2023, the organization continued to use the 2022 approved provisional rate and Federal awards were issued using the same rate. AcademyHealth did not submit a new indirect cost proposal to the cognizant agency within the required timeframe. Effect: Failure to submit a new indirect cost proposal within six months after the close of fiscal year results in noncompliance with the Uniform Guidance Appendix IV Part 200, item C(2)(c). Perspective: A new indirect cost rate proposal to obtain final rates for 2019 through 2022 and requesting provisional rates for 2023 through 2025 was not submitted until July 25, 2024. Cause: Internal controls were not in place to ensure timely submission of the indirect cost proposals. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding indirect costs proposals and develop an effective reporting system to allow AcademyHealth to monitor and ensure the proposal are prepared and submitted within the deadline.
Criteria or Specific Requirements: As required by the Federal Funding Accountability and Transparency Act of 2006 (Pub. L. 109–282), as amended by section 6202 of Public Law 110–252, recipients must report information for each subaward of $30,000 or more in Federal funds and executive total compensation, as outlined in Appendix A to 2 CFR Part 170. The information is to be submitted to the FFATA Subaward Reporting System (FSRS) by the end of the month following the month in which the subaward was awarded. Condition: During the review of the reporting compliance requirement related to major programs, it was determined that the information was not submitted to FSRS within the required deadline. Effect: Failure to submit the FSRS by the submission deadline results in noncompliance with the Federal Funding Accountability and Transparency Act of 2006 as outlined in Appendix A to 2 CFR Part 170. Perspective: FSRS reporting for two of two subawards issued was not submitted by the due date. All reporting was tested. Cause: Internal controls over financial reporting were not operating effectively to ensure filing to the FSRS in a timely manner. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding required reporting for each Federal award and develop an effective reporting tracking system to allow AcademyHealth to monitor and ensure reports are prepared and submitted within the deadline.