Audit 406972

2021-001 Timely Filing of Single Audit Report Federal Program(s) Information Cluster/Program: All federal programs Type of Finding Compliance – Other Matters Criteria or Specific Requirement According to 2 CFR 200.512(a) of the Uniform Guidance, auditees are required to submit the audit report within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. Timely submission of the single audit report is essentially for ensuring compliance with federal requirements. Condition and Context The Town’s filing with the Federal Audit Clearinghouse (FAC) for fiscal year ended June 30, 2021 has not been submitted by its due date of September 30, 2022. Cause Delays in the federal single audit process led to the delay in the federal single audit being completed. Effect or Potential Effect Delays in the single audit resulted in the FAC deadline being missed. Not submitting the single audit report timely constitutes non-compliance with federal audit requirements. No questioned costs are reported as this requirement is administrative in nature. Recommendation The Town should implement formal internal control policies and procedures to rectify the conditions noted above. Views of Responsible Official Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.