Finding Text
Late submission of program-specific audit reporting package. Criteria: In accordance with Uniform Guidance (2 CFR §200.512(a)), the program-specific audit reporting package and the Data Collection Form must be submitted to the Federal Audit Clearinghouse (FAC) no later than 30 days after receipt of the auditor’s reports or nine months after the fiscal year end, whichever comes first, unless an extension is granted by the cognizant or oversight agency. Condition: Iglesia de Dios Pentecostal, M.I. did not submit the program-specific audit reporting package for the fiscal year ended December 31, 2024, within the nine-month period required under 2 CFR §200.512(a). Cause: The delay was primarily due to the auditor hiring process, which was not initiated sufficiently in advance. Effect: The late filing constitutes a technical noncompliance with federal audit reporting requirements. Although no questioned costs or material misstatements were identified, the delay increased the risk of additional oversight from federal agencies and highlighted the need for stronger internal compliance controls. Recommendation: Iglesia de Dios Pentecostal, M.I. should implement and maintain internal procedures to ensure timely submission of the program-specific audit reporting package within the required federal deadlines. Responsibility should be clearly assigned, compliance calendars established, and critical reporting dates monitored to prevent future delays. Management Response: Refer to the corrective action plan.