Finding Text
2023-003: Delinquent Audit Report
Condition and Criteria: The audit for the current year ended December 31, 2023 was not submitted to the
Federal Audit Clearinghouse within the statutory deadline of the earlier of nine months after the end of the
fiscal year or thirty days after the date of the auditors' report. Internal controls should be in place to provide
reasonable assurance that accounting records and information pertaining to the audit process are finalized
and made available to allow adequate time to complete the audit prior to the statutory deadline.
Cause: There is not a process in place to provide reasonable assurance that the accounting records and
information pertaining to the audit process are finalized and made available to the auditors to allow
adequate time to complete the audit and reporting prior to the statutory deadline.
Effect or Potential Effect: Submission of the audited financial statements and auditors' reports to the
Federal Audit Clearinghouse may be delinquent resulting in the Organization not qualifying as a low-risk
auditee and being subject to more stringent audit requirements.
Recommendation: We recommend the Organization implement procedures to ensure the accounting records
and information pertaining to the audit process are finalized and made available to the auditors to allow
adequate time to complete the audit prior to the statutory deadline.