Answer: Implement procedures to ensure timely and accurate reporting of subawards to FSRS.
Trend: Delays in reporting subawards can lead to compliance issues and potential penalties.
List: Establish internal controls to meet the reporting deadline of the end of the month after each subaward is issued.
Finding Text
Recommendation – We recommend the Organization establish procedures and internal controls to ensure that all required subawards are reported timely and accurately to FSRS no later than the end of the month following the month of issuance of each subaward.
Categories
Subrecipient MonitoringInternal Control / Segregation of Duties