Finding Text
Finding 2025-001: Late Submission of Audit Report to the Federal Audit Clearinghouse (Significant Deficiency) Federal Agencies: United States Agency for International Development; United States Department of State Federal Programs: All Programs Assistance Listing Numbers: 98.001; 19.801; 98.009; 98.345 Criteria: The Uniform Guidance, specifically 2 CFR 200.512(a), establishes the filing requirements for the submission of single audits to the Federal audit clearing house and indicates that the single audit reporting package must be submitted 30 days after the date of the auditor's report(s) or 9 months after the end of the fiscal year, whichever comes first. Condition: The single audit reporting package for Grameen's year ended June 30, 2024 was due to the Federal audit clearinghouse by March 31, 2025. However, the data collection form was submitted on June 6, 2025. Cause: During the 2024 audit process, fieldwork timelines had to be extended to accommodate the time Grameen needed to ensure that all schedules were properly reconciled and supported, which caused delays in the audit completion. As a result, the 2024 auditor's report(s) were dated June 23, 2025. Effect or Potential Effect: Not timely filing the single audit reporting package is indicative of timeliness issues with the audit process. Questioned Costs: None, as this is an administrative requirement. Context: As a result of delays in the completion of the 2024 audit, the single audit reporting package for the year ended June 30, 2024, was not submitted timely. Identification as a Repeat Finding, if Applicable: Refer to finding 2024-001. Recommendation: We recommend that management implement procedures and control processes to ensure that future audits are completed timely so that the single audit reporting package is submitted by the appropriate deadline of either 30 days after the date of the auditor's report(s) or 9 months after the end of the fiscal year, whichever comes first.