2021-008—Reporting
Corrective Action: The CFO will implement internal measures, including creating a schedule of
activities with due dates, progress reports, and staff meetings, to monitor and ensure the financial
close and reporting process has been completed within the required timeframes and are ...
2021-008—Reporting
Corrective Action: The CFO will implement internal measures, including creating a schedule of
activities with due dates, progress reports, and staff meetings, to monitor and ensure the financial
close and reporting process has been completed within the required timeframes and are accurate.
Corrective action steps will be identified and implemented as needed. The grant/contract staff
will maintain a log of when financial and other grant reports are due. The CFO will review the
log and track report submissions to ensure timely completion and submission. To ensure timely
completion, the staff will initiate activities to complete required reports and financial close at
least 60 days before the deadline. The CFO will be responsible for ensuring the reporting
deadlines have been met.
Person Responsible: Until the CFO position is filled, Angela Holden (Controller), and Annmol
Anand (Senior Accountant), will be responsible for completing the corrective actions.
Completion Date: These actions will be implemented within the first 30 days of the audit
completion. The completion date will be September 30, 2024.