Finding Text
Criteria: In accordance with the requirements of CFR §200.512, the audit shall be completed and the data collection form and reporting package shall be submitted to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditors’ report, or nine months after the end of the audit period.
Condition: PCRI did not electronically submit its December 31, 2023 Single Audit reporting package to the Federal Audit Clearinghouse within the required time period.
Cause: PCRI’s 2023 accounting records were not formally closed in a timely manner.
Effect: PCRI did not comply with CFR §200.512. The late submission results in non-compliance for all federal programs.
Recommendation: We recommend that management implement procedures to ensure that all required reporting is submitted in a timely manner and in accordance with CFR §200.512 deadlines.