Finding Text
Timely Filing of Single Audit Report
Type of Finding
Other Matter
Criteria or Specific Requirement
According to 2 CFR 200.512(a) of the Uniform Guidance, auditees are required to submit the audit report 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. Timely submission of the single audit report is essential for ensuring compliance with federal requirements.
Condition and Context
The Organization’s filing with the Federal Audit Clearinghouse (“FAC”) for fiscal year ended June 30, 2023 has not been submitted by its due date of March 31, 2024.
Cause
Delays in the federal single audit process led to the delay in the federal single audit being completed.
Effect or Potential Effect
Delays in the single audit resulted in the FAC deadline being missed. Failure to submit the single audit report timely constitutes non-compliance with federal audit requirements. No questioned costs are reported as this requirement is administrative in nature.
Recommendation
We recommend that the Organization implements formal internal control policies and procedures to rectify the conditions noted above.
Views of Responsible Official
Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.