Finding Text
Condition: Record maintenance did not allow easy identification of program expenditures, causing a delay in the audit, resulting in the Data Collection Form for the year ended June 30, 2022 not being filed with the Federal Audit Clearinghouse within nine months of year-end.
Criteria: Management is responsible for establishing and maintaining effective internal controls for the fair and timely presentation of the schedule of expenditures of federal award.
Cause: The late filing resulted from a lack of effective internal controls over Federal financial reporting.
Effect of Condition: The Data Collection Form is late and does not meet the Federal requirement.
Statistical Sampling: The sample was not intended to be, and was not, a statistically valid sample.
Recommendation: The Organization's internal control system should be reviewed and modified to properly identify Federal expenditures and implement controls to complete the timely submission of the Data Collection Form.