Finding Text
Criteria: As a part of the administering federal funds, the Organization should have internal controls over compliance in place to ensure that reporting deadlines are met. Condition: The Organization experienced delays in the completion of the financial statement audit, and therefore the single audit was delayed until after the required submission date. Cause: The Organization is relatively new to the single audit process and requirements, there were various versions of guidance received and unclear identification of responsibilities until later into the program year that resulted in delays. Identification as a Repeat Finding, if Applicable: Previously reported as finding 2021-007. Effect: Delays in the finalization of the single audit and inappropriate reporting to the related granting agencies. Recommendation: We recommend that the Organization develop a process to track and ensure that reporting deadlines are met. Management’s Response: See Corrective Action Plan.