Finding Text
Finding 2024-001 Finding resolution status: In progress Statement of Condition The audited financial statements for the year ended April 30, 2024 were not submitted timely in accordance with OMB requirements. Criteria: The Center must submit the audited financial statements within the earlier of nine months after the fiscal year end or 30 days after the issuance of the audited financial statements. Effect or Potential Effect The Center is in non-compliance with OMB financial statement submission requirements. Cause Controls are not in place to ensure that the audited financial statements are submitted in a timely manner. Recommendation We recommend that the Center ensures that audited financial statements are submitted on time. Response: The Center will evaluate its procedures to ensure that future audits are filed in a timely manner. Views of Responsible Officials and Planned Corrective Action We agree that the Center needs to evaluate its procedures to ensure that audits are filed on time. Concur or do not concur with this finding: Concur Agree or disagree with auditor recommendations: Agree Completion date or proposed completion date: February 15, 2026