Finding Text
Section III - Federal Award Findings and Questioned Costs Finding No. 2025-1 Statement of Condition The electronic submission of the financial statements is overdue. Criteria The financial statements must be electronically submitted to the Federal Audit Clearinghouse within the earlier of 9 months after fiscal year end or 30 days after the independent auditor’s final report date. Questioned Costs None Effect or potential effect The Organization is in non-compliance with specific requirements of a major federal program. Cause Controls were not sufficiently designed and implemented to ensure timely filing of the annual electronic submission to the Federal Audit Clearinghouse. Recommendation We recommend that the electronic submission be completed as soon as possible. Views of Responsible Officials and Planned Corrective Action Management acknowledges the late electronic submission of the annual audited financial statements to the Federal Audit Clearinghouse and has reviewed the circumstances surrounding the delay. Appropriate measures are being evaluated to support timely filings going forward.