Finding 1174153 (2024-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2026-02-18

AI Summary

  • Core Issue: The audit and reporting package were not submitted by the September 30, 2025 deadline.
  • Impacted Requirements: This violates the Code of Federal Regulations, Section 200.512 regarding timely report submission.
  • Recommended Follow-Up: Ensure all necessary steps are taken to meet future submission deadlines.

Finding Text

Finding No. 2024-002: Annual Audit Submission – Other Matter and Significant Deficiency in Internal Control over Compliance Assistance Listing Program Title and Number: All Federal Agency: All Criteria As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2025. Condition The audit and reporting package were not submitted by the due date September 30, 2025. Cause The Organization was not able to complete the financial statements and federal single audit by the extended due date. Effect The audit and federal reporting package were not filed on time. Questioned Costs None. Context The financial statements and federal single audit were not able to be completed by the due date. Repeat Finding Yes. Recommendation We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. Management’s Response/View of Responsible Officials Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.

Corrective Action Plan

The audit and reporting package were not submitted by the due date September 30, 2025. As per the Code of Federal Regulations , Section 200.512-Report Submission, the audit must be completed and the data collection formant reporting package mus tbe submitted with in the earlier of 30 calendar days after receipt of the auditors’report,or nine months after the end of the audit period Management agrees with the auditors' findings. Management will meet timeliness standards in subsequent fiscal years.

Categories

Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1174146 2024-001
    Material Weakness Repeat
  • 1174147 2024-001
    Material Weakness Repeat
  • 1174148 2024-001
    Material Weakness Repeat
  • 1174149 2024-001
    Material Weakness Repeat
  • 1174150 2024-002
    Material Weakness Repeat
  • 1174151 2024-002
    Material Weakness Repeat
  • 1174152 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
19.009 ACADEMIC EXCHANGE PROGRAMS - UNDERGRADUATE PROGRAMS $1.60M
19.401 ACADEMIC EXCHANGE PROGRAMS - SCHOLARS $303,716
19.415 PROFESSIONAL AND CULTURAL EXCHANGE PROGRAMS - CITIZEN EXCHANGES $273,496