FAC Explorer

Audit 341531

FY End
2023-12-31
Total Expended
$2.99M
Findings
12
Programs
3
Organization: Institute for Training and Development, Inc. (MA)
Year: 2023 Accepted: 2025-02-06
Auditor: Whittlesey PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
522257 2023-002 Significant Deficiency - P
522258 2023-002 Significant Deficiency - P
522259 2023-002 Significant Deficiency - P
522260 2023-002 Significant Deficiency - P
522261 2023-002 Significant Deficiency - P
522262 2023-002 Significant Deficiency - P
1098699 2023-002 Significant Deficiency - P
1098700 2023-002 Significant Deficiency - P
1098701 2023-002 Significant Deficiency - P
1098702 2023-002 Significant Deficiency - P
1098703 2023-002 Significant Deficiency - P
1098704 2023-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
19.009 Academic Exchange Programs - Undergraduate Programs $1.79M Yes 1
19.401 Academic Exchange Programs - Scholars $427,374 - 1
19.415 Professional and Cultural Exchange Programs - Citizen Exchanges $19,444 - 1

Contacts

Name Title Type
JKF5NKDBU3K3 Mark Protti Auditee
4132561925 Thomas Dowling Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Institute for Training and Development, Inc. has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal award activity of Institute for Training and Development, Inc. under programs of the federal government for the year ended December 31, 2023. The information in this 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 AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a portion of theoperations of Institute for Training and Development, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Institute for Training and Development, Inc.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Institute for Training and Development, Inc. has not elected to use the 10 percent de minimis indirect 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. • Institute for Training and Development, Inc. has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.
Finding 2023-002
Finding No. 2023-002: Annual Audit Submission – Other Matter Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2024. Condition The audit and reporting package were not submitted by the due date September 30, 2024. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.