Finding 1224494 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-07-23
Audit: 407744
Auditor: KEITER

AI Summary

  • Core Issue: The Organization failed to file its single audit on time due to inadequate controls.
  • Impacted Requirements: Audits must be submitted within 30 days post-completion or nine months after year-end.
  • Recommended Follow-Up: Establish internal controls to ensure timely reporting and compliance with audit requirements.

Finding Text

2025-002 – Reporting Requirements Condition: The Organization did not have sufficient controls to determine a single audit was required in a timely manner, resulting in a failure to file the single audit with the Federal Audit Clearinghouse within the acceptable timeframe. Criteria: The Organization is required to submit its single audit to the Federal Audit Clearinghouse within 30 days after completion of the single audit or nine months after year-end, whichever is sooner. Cause: The Organization did not have controls to identify the single audit requirement and ensure it was completed within the required timeframe. Effect: The Organization did not submit its single audit to the Federal Audit Clearinghouse in the required timeframe. Recommendation: The Organization should develop internal controls over reporting to ensure that it is meeting its reporting requirements. Views of Responsible Officials and Planned Corrective Actions: We acknowledge the finding regarding the insufficient documentation and recognizes the importance of meeting the requirements stipulated by our major programs. We agree that a lack of control creation and documentation led to missing steps as prescribed by the grantors and the compliance supplement. We have taken steps to address this issue and are committed to ensuring compliance going forward.

Corrective Action Plan

2025-002 – Reporting Requirements Recommendation: The Organization should develop internal controls over reporting to ensure that it is meeting its reporting requirements. Action Taken: We have reviewed our project set up process and modified it to capture all federal projects upon initiation to enable accurate monitoring and tracking of accumulated expenditures on a fiscal year basis so we can timely determine if the Organization meets the threshold for a Single Audit.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1224485 2025-001
    Material Weakness Repeat
  • 1224486 2025-001
    Material Weakness Repeat
  • 1224487 2025-001
    Material Weakness Repeat
  • 1224488 2025-001
    Material Weakness Repeat
  • 1224489 2025-001
    Material Weakness Repeat
  • 1224490 2025-002
    Material Weakness Repeat
  • 1224491 2025-002
    Material Weakness Repeat
  • 1224492 2025-002
    Material Weakness Repeat
  • 1224493 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
11.617 CONGRESSIONALLY-IDENTIFIED PROJECTS $577,653
11.039 REGIONAL TECHNOLOGY AND INNOVATION HUBS $189,537
12.RD Intelligent Additive Manufacturing - Metals $99,434
81.253 MANUFACTURING AND ENERGY SUPPLY CHAIN DEMONSTRATIONS AND COMMERCIAL APPLICATIONS $78,904
12.300 BASIC AND APPLIED SCIENTIFIC RESEARCH $67,648
47.041 ENGINEERING $17,583
47.084 TECHNOLOGY, INNOVATION, AND PARTNERSHIPS $12,195