Finding Text
Condition:
The audit report was due to be received by the State of New Jersey no later than September 30, 2023. As a
result, the audit was not submitted timely.
Criteria:
The School is required to submit an audit to the State of New Jersey no later than nine months after their year-end.
Cause:
The School was unsure of the type of audit required due to a new program that was received. This caused
the audit to be delayed.
Effect of Finding:
The effect of this noncompliance is minimal.
Recommendation:
The School should alert the auditor about new funding received during the year to give ample time to research
and prepare.
View of Responsible Party and Planned Corrective Action:
The administrator will monitor the School’s funding that they receive throughout the year and will alert the
auditor as soon as they receive funding from a new program. As such, the required corrective actions have
been implemented.