Finding Text
2024-01 Late Submission of Audit Report to LLA and Federal Audit Clearinghouse Condition: The audit for the fiscal year ended December 31, 2024 was not submitted to the Louisiana Legislative Auditor within nine months after year end as required by the audit contract with the Louisiana Legislative Auditor. The audit is required to be submitted to the Criteria: Per LSA-R.S.24.513, audit reports must be submitted within the time frame noted in the audit contract. Timely submission ensures compliance with the contract with the Louisiana Legislative Auditor. Cause: The delay in submission was primarily due to staff turnover for the fiscal year ended. Effect: Late submission of the audit report resulted in noncompliance with the contract with the Louisiana Legislative Auditor. Recommendation: We recommend management implement controls to ensure timely audit completion and submission, including: establishing a clear timeline with milestones for audit preparation and review and ensuring financial records are prepared and reconciled well in advance of the audit period. Management Response: Management concurs with this finding. Steps will be taken to ensure future audit reports are submitted on time.