Answer: The Corporation failed to file its audited financial statements on time.
Trend: This delay could indicate ongoing issues with compliance and timely reporting.
List: Follow up by ensuring timely filing in the future and reviewing internal processes for potential improvements.
Finding Text
The Corporation’s audited financial statements for the fiscal year-ended September 30, 2025, were not filed into the REAC system within 90-days after year-end.
Corrective Action Plan
Management of the Corporation will ensure the audited financial statements are filed into the REAC system within 90-days after year-end.