Finding Text
The audit report was due to be received by the State of New Jersey no later than May 31, 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 no later than nine months after their yearend.
Cause:
The School did not realize how long it takes to complete
an audit and didn’t give the auditor enough time to
complete the audit in time.
Effect of Finding:
The effect of this noncompliance is minimal.
Recommendation:
A system should be in place where the auditor should
be able to begin his audit soon after the fiscal year end
in order to be able to complete the audit in time.
View of Responsible Party and Planned Corrective
Action:
The administrator and staff of the School will work on
ensuring that all future audits are submitted in a timely
manner.