Finding Text
2024-002 Timely submission of Single Audit Report Condition Under the Uniform Guidance, single audits are due nine months after the end of the organization's fiscal year. Criteria Controls should be established to ensure that the Organization can complete the required audit and reporting in a reasonable time to allow for timely filing. Cause Inadequate controls to ensure compliance with annual federal awards reporting requirements resulted in delayed submission of single audit reports for the year ended December 31, 2024. Effect Delayed submission of single audit report for the year ended December 31, 2024. Recommendation The Organization needs to improve internal controls to ensure timely resolution of accounting issues and timely completion of financial statements. Management's Response The Organization has reorganized its management team and accounting functions. We fully expect to complete future audits and single audit submission in the allotted time period. Status Corrective action has been taken.