Finding Text
Internal Control Impact: Significant deficiency
Criteria: Under Uniform Guidance 2 CFR Section 200.512(a), the audit shall be completed and the data collection form and reporting package shall be electronically transmitted within the earlier of 30 days after receipt of the auditors’ reports, or nine (9) months after the end of the audit period.
Condition: The Organization’s audits for the years ended December 31, 2023 and 2022 were not able to be completed and the data collection form and reporting package electronically transmitted to the Federal Audit Clearinghouse within nine (9) months after the end of the audit period.
Cause: The start of the Organization’s audits was delayed due to delays in closing the books.
Effect: Failure to complete the audit and submit the data collection form and reporting package timely could result in a failure to meet the requirements imposed by Federal grantor agencies and by the Uniform Guidance.
Recommendation: Marshall Jones recommends that the Organization establish a process to close their year-end books in a timely manner and begin the audit well in advance of the filing deadline for the data collection form and reporting package.
Views of Responsible
Officials: Management of the Organization concurs with the finding. Please refer to the Corrective Action Plan.