Finding Text
Criteria: As required under the Uniform Guidance, the single audit and data collection reporting package are required to be submitted to the Federal Audit Clearinghouse within 9 months after the end of the audit period. Condition: For the years ended September 30, 2022, September 30, 2023, and September 30, 2024 the financial statement audit and single audit were not scheduled or completed in a timely manner. As a result, the single audit and data collection reporting package were not completed or submitted to Federal Audit Clearinghouse in accordance with the requirements for Reporting under the Uniform Guidance.Cause: The commencement of the 2022 and 2023 audit of the Organization was delayed primarily due to budgetary constraints, difficulty in identifying and engaging an audit firm capable of completing the single audit and due to the fact that the 2021 audit and 2022 audit were required to be completed before the 2023 audit could commence. The audit for 2023 was not completed and issued until November 20, 2024, As a result, the audit firm was not engaged until December 19, 2024 to complete the financial statement and single audit for the year ended September 30, 2023. The Organization was not fully prepared for the audit until mid-April 2024, and due to other previously scheduled client engagements and other scheduling difficulties, the audit firm was unable to fully complete work on the 2023 audit until October 2025. Effect: The financial statements and single audit were not completed in a timely manner and AIRS is not in compliance with the required timing of submission of the single audit and data collection package to the Federal Audit Clearinghouse as required under the Uniform Guidance for years ended September 30, 2023 and September 30, 2024. Questioned Costs: None reported Repeat Finding from Prior Year: Yes. Recommendation: AIRS should improve its financial reporting process and procedures to ensure that it completes financial statement and single audits in a timely and efficient manner and ensure that its financial statements, single audit and data collection package are completed and properly submitted to the Federal Audit Clearinghouse within the required 9 months after fiscal year end as required by the Uniform Guidance.