Audit 393364

FINDING 2024-001: DELINQUENT AUDIT REPORT Condition and Criteria: In accordance with 2 CFR 200.512(a), auditees must submit the completed Single Audit reporting package to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditors' report or nine months after the end of the auditee’s fiscal year. The audit for the current year ended December 31, 2024 was not submitted to the Federal Audit Clearinghouse within the statutory deadline. Cause: The delay in submission resulted from a change in key financial reporting personnel during the audit period. The transition led to gaps in institutional knowledge and challenges in coordinating audit requests, ultimately impacting the timely completion and submission of the Single Audit reporting package. Effect or Potential Effect: Submission of the audited financial statements and auditors' reports to the Federal Audit Clearinghouse may be delinquent resulting in the Organization not qualifying as a low-risk auditee and being subject to more stringent audit requirements. Recommendation: We recommend the Organization implement a formal transition plan when financial staff changes occur to ensure the accounting records and information pertaining to the audit process are finalized and made available to the auditors to allow adequate time to complete the audit prior to the statutory deadline.