Finding Text
Finding reference number: 2024-002
Assistance Listing (Federal award identification number and year): Supportive Housing for
the Elderly, Assistance Listing No. 14.157, 122-EH518-WAH-NP and 1993
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2024-002: For the year ended June 30, 2023, the Corporation did not
submit audited financial statements to the Federal Audit Clearinghouse within 9 months after the end
of the audit period. The audited financial statements were submitted to the Federal Audit
Clearinghouse on December 5, 2024.
Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited
financial statements to the Federal Audit Clearinghouse within the earlier of 30 days after receipts of
the auditor's report or nine months after the end of the audit period.
Effect: The Corporation is not in compliance with the federal reporting requirements.
Cause: The predecessor auditor did not comply with engagement terms and failed to notify
management of his decision to not proceed with the engagement in a timely manner.
Recommendation: The Corporation should submit audited financial statements to the Federal Audit
Clearinghouse within the time frames required.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. The audited financial statements have been submitted to the Federal Audit
Clearinghouse. No further action is required.