Answer: Management acknowledges the noncompliance issue and is taking steps to address it.
Trend: The Organization is proactively hiring a Grant Manager to improve compliance processes.
List: Follow up on the Grant Manager's progress and ensure timely completion of Single Audit testing.
Finding Text
Management is aware of the noncompliance and will ensure that this requirement is met in future. The Organization has hired a Grant Manager to ensure early completion of Single Audit testing.
Corrective Action Plan
Management will implement measures to ensure thst financial statements are completed as expeditiously as possibe to enable the Single Audit to be completed in the required time frame. A new Grants Manager has been employed to ensure timely completion of the Financial and Single Audits.