Finding 1086057 (2023-001)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-11-20

AI Summary

  • Core Issue: The Alliance missed the deadline for filing its single audit report.
  • Impacted Requirements: This non-compliance violates the standards set in 2 CFR 200.500 through 521.
  • Recommended Follow-Up: The Alliance should establish procedures for timely audit completion and submission.

Finding Text

Federal Program Information: Education Stabilization Fund (ALN 84.425U), Research and Development Cluster (ALN 93.847) Criteria: Non-federal entities must follow the compliance audit standards set forth in 2 CFR 200.500 through 521, which states that any non-federal entity that expends $750,000 or more during the nonfederal entity's fiscal year in federal awards must have a compliance audit conducted for that year. Per 2 CFR 200.512, the audit must be completed and the reporting package and data collection form must be submitted to the Federal Audit Clearinghouse within the earlier of 30 calendar days after the receipt of the auditors' report, or nine months after the end of the audit period. Condition: The Alliance did not file its single audit report by the required deadline. Cause: Untimely completion of audit. Effect or Potential Effect: The Alliance was not in compliance with the reporting requirements outlined in the agreement and in 2 CFR 200.500 through 521. Recommendation: We recommend that the Alliance implement procedures to ensure timely completion and submission of future single audits. Views of Responsible Officials: The Alliance will implement more administrative oversight with respect to reporting requirements and deadlines to make sure all audits are completed timely.

Categories

Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $2.99M
93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research $42,873