Audit 414867

Finding 2024-003 – Material Weakness in Internal Control over Compliance and Noncompliance – Federal Audit Clearinghouse Reporting (Repeat Finding): Information on the Federal Program – All Federal Programs (Various Assisted Listing Numbers) Compliance Requirement – Reporting (2 CFR 200.512) Criteria – The reporting package must be submitted to the Federal Audit Clearinghouse no later than the earlier of 30 calendar days after receipt of the auditor's reports or nine months after fiscal year-end. Condition – The Institute submitted the reporting package after the required federal deadline. The submission was not completed within the time prescribed by Uniform Guidance. Context – The reporting package was submitted after the required due date. Cause – Procedures were not in place to ensure timely completion, review, and submission of the reporting package. Effect – Untimely submission constitutes noncompliance with Uniform Guidance reporting requirements and may adversely affect the Institute's federal standing. Questioned Costs – None. Repeat Finding – Yes – Prior Years 2023 and 2022. Auditor’s Recommendation – Establish a formal reporting calendar with assigned responsibilities and management review to ensure the reporting package is submitted within the required timeframe. Views of Responsible Officials – Management concurs with the finding regarding untimely Federal Audit Clearinghouse reporting and has established a formal audit and reporting calendar with assigned responsibilities, management review milestones, and procedures to retain evidence of timely submission. See the Corrective Action Plan attached for corrective actions taken and planned.