Finding 1095906 (2024-002)

Condition: During the June 30, 2023 audit, a prior period restatement was made. Due to this delay, the audit was not completed timely, and the Federal Audit Clearinghouse Filing was not submitted within the proper deadline. Criteria: Management is responsible for submitting the audited financial statements with the Federal Audit Clearinghouse which is due nine months after the end of the audit period or 30 calendar days after the entity received the auditors report. Cause: Due to the prior period restatement identified in the prior year audit, audit procedures were delayed which caused a delay in the completion of the audit and the filing with the Federal Audit Clearinghouse. Effect: The filing with Federal Audit Clearinghouse for the June 30, 2023 audit was not completed until after the nine months as required. Recommendation: Management should ensure that the audit fieldwork gets performed timely and that the filing is with the Federal Audit Clearinghouse is submitted within the required deadline. Views of Responsible Officials and Planned Corrective Actions: The Organization agrees with the finding. Refer to the Corrective Action Plan.