Finding 1167234 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-12-30
Audit: 378236
Organization: CITY FEDERAL CREDIT UNION (TX)

AI Summary

  • Answer: The auditee missed the deadline for submitting their single audit report.
  • Trend: Timely submission of audit reports is crucial for compliance and accountability.
  • List: Follow up with the auditee to ensure they submit the report as soon as possible and discuss potential impacts of the delay.

Finding Text

The auditee did not submit their single audit report to the Federal Audit Clearinghouse by the required deadline of June 30, 2024.

Corrective Action Plan

The auditee will submit the required single audit report to the FAC immediately and will ensure proper controls are in place so the Single Audit reporting package is filed timely.

Categories

No categories assigned yet.

Programs in Audit

ALN Program Name Expenditures
21.033 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND EQUITABLE RECOVERY PROGRAM (CDFI ERP) $1.20M