Finding Text
Criteria or Specific Requirements: As required by the Federal Funding Accountability and Transparency Act of 2006 (Pub. L. 109–282), as amended by section 6202 of Public Law 110–252, recipients must report information for each subaward of $30,000 or more in Federal funds and executive total compensation, as outlined in Appendix A to 2 CFR Part 170. The information is to be submitted to the FFATA Subaward Reporting System (FSRS) by the end of the month following the month in which the subaward was awarded. Condition: During the review of the reporting compliance requirement related to major programs, it was determined that the information was not submitted to FSRS within the required deadline. Effect: Failure to submit the FSRS by the submission deadline results in noncompliance with the Federal Funding Accountability and Transparency Act of 2006 as outlined in Appendix A to 2 CFR Part 170. Perspective: FSRS reporting for two of two subawards issued was not submitted by the due date. All reporting was tested. Cause: Internal controls over financial reporting were not operating effectively to ensure filing to the FSRS in a timely manner. Questioned Costs: Questioned costs were not identified. Repeat Finding: Not applicable. Recommendation: AcademyHealth should review its internal controls surrounding required reporting for each Federal award and develop an effective reporting tracking system to allow AcademyHealth to monitor and ensure reports are prepared and submitted within the deadline.