FAC Explorer

Finding 1100541 (2023-001)

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Requirement
P
Questioned Costs
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Year
2023
Accepted
2025-02-20
Audit: 343292
Organization: U.s. Apple Export Council (CA)
Auditor: Rood & Dinis LLP

AI Summary

  • Core Issue: USAEC submitted its audit report late, missing the deadline set by federal guidelines.
  • Impacted Requirements: Noncompliance with Uniform Guidance (2 CFR part 200) and federal grant agreements.
  • Recommended Follow-Up: Implement a policy to start financial audits within 7 months post fiscal year end to ensure timely submissions.

Finding Text

FEDERAL FINDING NONCOMPLIANCE Late Submission Criteria: According to the Uniform Guidance (2 CFR part 200), specifically section 200.512, audits must be submitted to the FAC within the earlier of 30 calendar days after receipt of the auditors’ report or nine months after the end of the audit period. Condition: USAEC did not meet its submission deadline for the fiscal year ended June 30, 2023, of March 31, 2024. Effect: USAEC was not in compliance with Uniform Guidance and the federal grant agreements. Cause: USAEC did not engage an auditor to conduct a financial statement audit in a timely manner. Recommendation: USAEC adopts a policy to begin their financial statement audit no later than 7 months after their fiscal year end to allow sufficient time to meet the Uniform Guidance compliance requirements. Repeat finding: No.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.601 Market Access Program $819,241
10.618 Regional Agricultural Promotion Program $12,053