Finding 1156479 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-09-29
Audit: 368820
Organization: Grupo Nexos, Inc. (PR)

AI Summary

  • Answer: The Organization acknowledges the audit finding and agrees with the recommendations.
  • Trend: There is a commitment to improve processes based on audit feedback.
  • List: Planned corrective actions are either in progress or completed.

Finding Text

Views of Responsible Officials and Planned Corrective Actions The Organization agrees with the finding and the recommended procedures will be or have been implemented.

Corrective Action Plan

Responsible Entity: Grupo Nexos, Inc. – Finance Department and Program Management Condition Reported: Late submission of Federal Financial Reports (SF-425), Quarterly Financial Status Reports, and subaward reports under the Federal Funding Accountability and Transparency Act (FFATA) for the following programs:  93.297 Adolescent Pregnancy Prevention Program (PROSa)  93.310 Trans – NIH Research Support Program Identified Cause:  Lack of internal monitoring procedures to ensure compliance with submission deadlines.  Resignation of the authorized staff responsible for submitting FFATA reports and delays in obtaining access to the SAM platform. Corrective Actions to be Implemented: Designation of Responsible Parties: o Develop a formal process to monitor the preparation, review, and submission of all financial and subaward reports, designating a responsible person for each activity and establishing backups to ensure operational continuity.  Compliance Calendar: o Implement an electronic calendar with the due dates of FFRs, quarterly reports, and FFATA submissions, with automated alerts 15 and 7 days prior to the deadlines.  Internal Review and Approval: o Require review and approval by the Chief Financial Officer prior to the submission of any report. Staff Training: o Provide annual training for finance and program staff on reporting requirements under 2 CFR 200 and FFATA.  Documentation and Filing: o Maintain evidence of submission and acknowledgments of receipt of all reports in a centralized electronic file accessible for future audits. Estimated Implementation Date: All actions will be fully implemented no later than December 31, 2025.

Categories

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Other Findings in this Audit

  • 1156478 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.297 Teenage Pregnancy Prevention Program $1.47M
93.310 Trans-Nih Research Support $770,835
93.926 Healthy Start Initiative $200,504