Finding 1081998 (2022-001)

Finding No. 2022-001 Grantor: U.S. Small Business Administration Program Name: COVID-19 – Shuttered Venue Operators Grant Assistance Listing Number: 59.075 Material noncompliance with laws and regulations and significant deficiency in internal controls over Federal awards Criteria: The Association was required to have an audit in compliance with the requirements of 2 CFR Section 200.501 and submit its audit to the Federal Audit Clearinghouse as required by 2 CFR Section 200.512, which was due by September 30, 2023. Condition: The audit was not completed timely. Cause: The internal control procedures for the Association had not been updated for the additional reporting requirements for the Shuttered Venue Operators Grant. Effect or Potential Effect: Untimely submissions hinders the grantor’s administration, monitoring, and decision-making processes. Recommendation: We recommend the strengthening of internal controls procedures over the award process to ensure that all existing and any new compliance requirements be communicated to all involved in the process to ensure timely adherence to all or any requirements. Views of Responsible Officials: See corrective action plan.