Finding Text
Criteria: In accordance with 2 CFR 200.512 Report Submission, the Auditee is required to submit the audit, the data collection form, and the reporting package within 30 calendar days after the auditee receives the auditor's report(s) or nine months after the end of the audit period (whichever is earlier). Condition: The Town of Oakland did not close out their books for June 30, 2024, year until July 29, 2025; therefore, the Town was unable to meet the filing deadline. Questioned Costs: None Context: Wickberg Accounting did not receive the trial balances to begin the audit until after the filing deadline of March 31, 2025. Effect: The Town of Oakland, Tennessee was in violation of 2 CFR 200.512. They were unable to file the audit, data collection form, and the reporting package within nine months after the end of the June 30, 2024, audit period. Identification of a repeat finding: N/A – not a repeat finding. Cause: The Town of Oakland, Tennessee did not have any procedures in place to ensure an audit could be conducted in a timely manner to meet the filing deadline. Views of responsible officials and planned corrective actions: Management agrees. See separately issued Corrective Action Plan.