Finding Text
2024-003 — Single Audit Report Submission – Material Weakness in Internal Control Over Compliance and Noncompliance (Repeat of finding 2023-005, 2022-003, and 2021-001)
Federal program information:
Funding agencies: U.S. Department of Interior and
U.S. Department of Education
Titles: Assistance to Tribally Controlled Community
Colleges; Higher Education Institutional Aid;
Education Stabilization Fund; and SFA Cluster-
Pell Grant Program
ALN Number: 15.027, 84.031, 84.425, and 84.063
Award years: Various
Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection from be submitted 30 days after receipt of the auditor’s report or 9 months after the end of the fiscal year, whichever comes first.
Condition: The College’s fiscal year 2024 single audit reporting package was not submitted within nine months after the end of the audit period.
Questioned Costs: N/A
Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements.
Effect: The single audit reporting package was submitted after the required reporting time period.
Auditor’s Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package.
Management’s Response: The College had plan to remain current with submitting its annual report.