Finding Text
Finding 2024-001: Late Submission of Audit Report to the Federal Audit Clearinghouse
(Significant Deficiency)
Federal Program: All Federal Programs
Criteria: The Uniform Guidance, specifically 2 CFR 200.512(a), establishes the filing requirements
for the submission of single audits to the Federal audit clearing house and indicates that the single
audit reporting package must be submitted 30 days after the date of the auditor's report(s) or 9
months after the end of the fiscal year, whichever comes first.
Condition: The single audit reporting package for Grameen's year ended June 30, 2023 was due to
the Federal audit clearinghouse by March 31, 2024. However, the data collection form was submitted
on May 23, 2024.
Cause: During the 2023 audit process, fieldwork timelines had to be extended to accommodate the
time Grameen needed to ensure that all schedules were properly reconciled and supported, which
caused delays in the audit completion. As a result, the 2023 auditor's report(s) were dated May 3,
2024.
Effect or Potential Effect: Not timely filing the single audit reporting package is indicative of
timeliness issues with the audit process.
Questioned Costs: None.
Context: As a result of delays in the completion of the 2023 audit, the single audit reporting package
for the year ended June 30, 2023, was not submitted timely.
Identification as a Repeat Finding, if Applicable: Not a repeat finding.
Recommendation: We recommend that management implement procedures and control processes
to ensure that future audits are completed timely so that the single audit reporting package is
submitted by the appropriate deadline of either 30 days after the date of the auditor's report(s) or 9
months after the end of the fiscal year, whichever comes first.