Finding Text
Requirement: The entity is required to submit the audit in a timely manner. Findings: The audit report was due to be received by the State of New Jersey no later than May 31, 2023. As a result, the audit was not submitted timely.
Questioned Costs: None/immaterial
Systemic or Isolated: Systemic.
Effect of Findings: The auditor feels that the effects of this noncompliance were minimal.
Recommendations: A system should be in place where the auditor should be able to begin his audit soon after the fiscal year end in order to be able to complete the audit in time.
Auditee’s Response: The administrator and staff of Congregation Rachmistrivka, Inc. DBA Talmud Torah Zecher Yochanan will work on ensuring that all future audits are submitted in a timely manner.