Finding Text
Finding 2025-003: Significant Deficiency - Late Submission of the Single Audit Reporting Package to the Federal Audit Clearinghouse Agency: Department of Health and Human Services, National Aeronautics and Space Administration, and Department of Energy ALN: 93.070, 43.003, 43.008, and 81.108 Condition and Context: NCRP submitted their Single Audit Reporting Package late for the year ended December 31, 2024, to the Federal Audit Clearinghouse. Criteria: NCRP is required to adhere to reporting deadlines. The single audit submission to the Federal Audit Clearinghouse is due the earlier of nine months after fiscal year end or 30 days after the audit report is finalized. Cause: Due to inadequacies in the financial and year-end closing process resulting from the lack of communication between the in-house accountant and the outsourced accountants and the transition to new accounting software, the single audit submission to the Federal Audit Clearinghouse was not filed on time for 2024. Effect: This resulted in the single audit submission to the Federal Audit Clearinghouse being filed late. Questioned Costs: $-0-. Repeated Finding: No. Recommendation: Appropriate written policies and procedures should be established to ensure timely filing of reports and the assignment of responsible personnel. Management Response: NCRP agrees with the finding. The Financial Manager will maintain a written compliance calendar of all federal reporting deadlines, including the Federal Audit Clearinghouse due date, with the President as backup, and it will be reviewed monthly with the accountant. The accountant will confirm the audit timeline and filing responsibility in writing at the start of each audit cycle.