Finding Text
Condition:
The audit report was due to be received by the state of New Jersey and the Federal Clearing House no later than
September 30, 2023. As a result, the audit was not
submitted timely. Criteria:
The School is required to submit an audit to the State of
New Jersey and the Federal Clearing house no later than
nine months after their year-end.
Cause:
The School was unsure of the type of audit required due
to a new program that was received during the year. This
caused the audit to be delayed.
Effect of Finding:
The effect of this noncompliance is minimal.
Recommendation:
The School should alert the auditor about new funding
received during the year to give ample time to research
and prepare.
View of Responsible Party and Planned Corrective
Action:
The administrator will monitor the School’s funding that
they receive throughout the year and will alert the auditor
as soon as they receive funding from a new program. As
such, the required corrective actions have steps and
procedures as listed above.