Finding Text
CONDITION AND CRITERIA: Cohen noted the audited financial statements were not submitted by the nine-month filing requirement. Systems and procedures should be in place to ensure financial records are available to be audited in a timely manner. CAUSE: Systems and procedures were not followed to ensure financial records were available to be audited in a timely manner. EFFECT: By not having the financial records available timely, the audit was not completed by the filing requirement. RECOMMENDATION: Controls and staffing should be put in place to ensure financial records are submitted timely and accurately. VIEWS OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTIONS: The Organization has implemented new controls and staffing recently that are intended to remediate this matter.