Finding Text
Condition: The Single Audit was not completed by the deadline. Criteria: Single audit reporting packages must have a report date no later than nine months after the fiscal year-end (2 CFR Part 200 Subpart F). Cause: The Organization and audit firm experienced delays in financial reporting and completion of the fiscal year 2024 audit. Effect: The Organization was not in compliance with federal regulations and guidelines for the Single Audit submission. Recommendation: The Organization should implement controls for filing of the data collection package in a timely manner. Management’s Response and Planned Corrective Action: Management has worked with its audit firm to ensure timely completion and filing of the data collection package in the future.