Issue: The Bank's Single Audit Report was submitted late, missing the March 31, 2024 deadline.
Requirement Impacted: This violates the Uniform Guidance which mandates timely submission of audit reports.
Recommended Follow-up: Ensure future audits are completed and submitted on time to avoid compliance issues.
Finding Text
The Single Audit Report of the Bank for the fiscal year ended June 30, 2023, was not submitted on or before March 31, 2024, as required by the Uniform Guidance. The Single Audit related to such period was completed after the 9 months deadline.