Finding Text
Statement of Condition:
Management is responsible submitting the audit package to the Federal Audit Clearinghouse within 9 months of the fiscal year end.
Criteria:
The audit package was submitted after the 9 month deadline.
Effect:
The Federal Audit Clearinghouse received the information late. It should be noted that the audit information was timely submitted to HUD in the REAC system.
Cause:
During the period the process for submitting the audit package to the Federal Audit Clearinghouse changed, which caused some confusion. Also, there was some miscommunication between the auditor and the auditee.
Recommendation:
In the future the audit package should be timely filed with the Federal Audit Clearinghouse.
Non-compliance code:
Z – Other.