Finding Text
Criteria or Specific Requirement – In accordance with the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200) the Organization is required to complete and submit an audit within nine months after the end of the audit period. This was not achieved in 2025 for the year ended December 31, 2024 as the Organization was not able to provide support in a timely manner. Condition - The Organization did not provide requested supporting documentation in a timely manner. As a result, the auditors were unable to obtain sufficient appropriate audit evidence to complete the audit in accordance with 2 CFR 200.507(c)(1). Cause - The condition was due to deficiencies in internal controls over the preparation, review, and timely submission of audit documentation, including inadequate coordination and monitoring of audit requests. Effect – Because the necessary documentation was not provided within a reasonable timeframe, we were unable to complete the financial and compliance audit requirements. Accordingly, this limitation resulted in noncompliance with 2 CFR 200.507(c)(1), which could subject the Organization to other regulatory consequences. Recommendation – While the deficiency has been remediated for the year ended December 31, 2024 with the issuance of this audit report, we recommend that management implement procedures to ensure timely preparation, review, and submission of audit documentation for the year ended December 31, 2025. This should include assigning clear responsibility for audit support, establishing tracking mechanisms for auditor requests, and enhancing oversight to ensure compliance with audit timelines. Views of Responsible Officials and Planned Corrective Action – Management agrees with the auditor’s recommendation and will implement procedures to ensure the timely preparation, review, and submission of audit documentation.