Finding Text
Finding 2023-002; Late Submission of Single Audit Report to the Federal Audit Clearinghouse (FAC)
Condition: The Organization did not submit the Single Audit report for the fiscal year ended December 31, 2023 to the Federal Audit Clearinghouse (FAC) within the required nine-month deadline. The report was due on September 30, 2024.
Criteria: According to 2 CFR Part 200, Uniform Guidance (§200.512), non-federal entities that expend $750,000 or more in federal awards during a fiscal year are required to submit the data collection form and reporting package to the FAC within the earlier of 30 days after receiving the auditor’s report or nine months after the end of the fiscal year.
Cause: The delay was due to personnel time restraints that caused the audit to not be completed timely.
Effect: The failure to submit the audit report within the required time frame is a violation of federal compliance requirements. Late submission may impact the auditee’s eligibility for future federal awards and could result in increased scrutiny by federal awarding agencies.
Recommendation: We recommend that management implement processes to ensure timely completion and submission of the Single Audit report in future years. This could include setting internal deadlines, increasing oversight, and coordinating with the audit firm to identify and address potential delays earlier in the audit process.
Views of Responsible Officials of Auditee: Management agrees with the finding and will take steps to improve the timeliness of the audit process.