Finding Text
Finding 2023-012 Single Audit Reporting – Compliance and Internal Control Condition: The Town did not submit the audit and Data Collection Form within the nine-month due date for fiscal year 2023. Criteria: According to OMB Circular A-133, Subpart B-Audits §___.200(a), and Uniform Guidance, 2 CFR 200.501(a), non-Federal entities that expend $750,000 or more in a year in Federal awards shall have a single or program-specific audit conducted for that year in accordance with the provisions of these parts. The audit must be completed, and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day. Cause: The Town did not have controls in place to ensure timely filing of the single audit and Data Collection Form. Effect: The Town is not in compliance with OMB Circular A-133, Subpart B-Audits §___.200(a), and Uniform Guidance, 2 CFR 200.501(a). Questioned Costs: None identified. Perspective: This is a systemic issue in that controls over the requirements have not been developed to ensure no issues arise. Repeat Finding: This is not a repeat finding. Recommendation: RBT recommends that the Town develop a closing checklist and timeline so that the books are closed and the audit completed in a timely manner. Auditee’s Response: The Town agrees with this finding. See corrective action plan.