Finding Text
Condition: The data collection form and financial reporting package for the year ended June 30, 2024, was not filed within 9 months of the fiscal year.
Criteria: According to 2 CFR §200.512, Report Submission, requires that the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.
Cause: The cause is due to additional effort required to correct the accounting records which delayed the start of the audit.
Effect: The effect is the late filing of the audit and data collection form.
Recommendation: We recommend that the School establish a system of monitoring for the filing of all required reporting and that the chief operating officer review the monitoring list on a regular basis consistent with the timing of report filings.
Management’s Response: The School’s responsible officials’ views and planned corrective action are in its corrective action plan at the end of the report.