Finding Text
Finding 2025-005: SFSAC Submission -Significant Deficiency Condition – The Trust did not submit the reporting package and Data Collection Form to the Federal Audit Clearinghouse by the required deadline. Criteria – The Uniform Guidance requires the auditee to submit the reporting package and Data Collection Form to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's reports or nine months after the end of the audit period. . Cause – The Trust did not have adequate procedures in place to monitor and ensure timely submission of the Single Audit reporting package to the Federal Audit Clearinghouse. Effect – Failure to submit the reporting package by the required deadline resulted in noncompliance with Uniform Guidance reporting requirements and may limit the timely availability of audit information to federal agencies and pass-through entities Recommendation – The Trust should implement procedures to monitor Single Audit reporting deadlines, assign responsibility for submission, and establish a review process to ensure future reporting packages are submitted timely. Management Response – The Trust is aware and will implement procedures to ensure future submissions to the Federal Audit Clearinghouse are completed within the required timeframe.