Finding Text
2020-009 Late Audit Submission
This is a repeat finding. The prior-year’s auditing finding number is 2019-011.
Condition: The Housing Authority’s audit was not completed and the data collection form and reporting
package were not submitted within nine months after the end of the audit period.
Criteria: Section 200.512 Report Submission of the Office of Management and Budget’s Uniform Guidance
states, “The audit must be completed and the data collection form described in paragraph (b) of this section and
reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar
days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on
a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day.”
Cause: The Housing Authority’s financial statements and records were not ready for audit in a timely fashion that
allowed for a timely audit submission.
Effect: Late submission of Single Audits can lead to a reduction of overall federal funding or effect the timing of
funding.
Recommendation: Ensure your books are closed in a timely fashion and schedule audit work to begin early enough
so that your reporting package will be submitted on time.