Finding Text
Finding 2024-002 Late Single Audit Submission Condition: The Organization has not timely submitted the Single Audit Reporting Packages for the year ended December 31, 2023. Criteria: 2 CFR 200.512(a)(1) states that the audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report or nine months after the end of the audit period (whichever is earlier). Cause: Due to delays in the audit process, the December 31, 2023 audit was not completed until after the submission deadline. Effect: Financial statement amounts could be materially misstated. Repeat finding: This is not a repeat finding. Questioned costs: N/A Recommendation: We recommend that the audit and submission of the data collection form be completed in a timely manner. Views of responsible officials: Management concurs with this recommendation. See also corrective action plan.