Finding Text
Finding 2022-002 Significant Deficiency over Internal Control over Compliance,
Noncompliance - Reporting
Agency Small Business Administration
Assistance Listing
Numbers (ALN)
59.075 – Shuttered Venue Operators Grant Program
Criteria or Specific
Requirement
2 CFR 200.512, Report Submission, establishes that the audit shall be
completed and the data collection form and reporting package submitted to
the Federal Audit Clearinghouse (FAC) within the earlier of 30 days after
receipt of the auditor's report or 9 months after the end of the audit period,
unless a longer period is agreed to in advance by the cognizant or oversight
agency for audit, and any extensions granted by the Office of Management
and Budget.
Condition
The Association did not comply with the required submission date of the data
collection form and reporting package to the FAC for the fiscal year ended
June 30, 2022.
Cause The Association did not have controls in place to ensure the audit was
completed timely so that the reporting package could be submitted to the
FAC within the required timeframe.
Effect or
Potential Effect
The Association is not compliant with 2 CFR 200.512. The Association could
be exposed to a reduction or elimination of funds by Federal awarding
agencies as a result.
Questioned Costs
Not applicable. Context This is a condition identified per review of the Association 's compliance with
the specified requirements.
Identification as a
Repeat Finding
Not applicable, not a repeat finding.
Recommendation We recommend that the Association implement internal control procedures
to ensure timely submission to the FAC in the future.
Views of
Responsible
Officials
Management agrees with the finding and plans to develop procedures to
ensure timely filing for any future federal funding received.