Finding 1387 (2023-001)

Finding No. 2023-001: Controls over timely filing with the Federal Audit Clearinghouse Criteria: The Federal Audit Clearinghouse requires that the Data Collection Form be submitted within nine months of year end. Condition: The Data Collection Form for the year ended June 30, 2022 was not filed electronically with the Federal Audit Clearinghouse within nine months of the fiscal year end of the Corporation. Questioned Cost: None. Cause: Administrative oversight led to the Data Collection Form for the year ended June 30, 2022 not being submitted to the Federal Audit Clearinghouse within nine months of the fiscal year end of the Corporation. Effect: Management is not in compliance with the requirement to timely submit the Data Collection Form with the Federal Audit Clearinghouse. Recommendation: Management should institute procedures to ensure that the Data Collection Form is electronically filed with the Federal Audit Clearinghouse within nine months of year end. View of Responsible Officials: Management will implement procedures to ensure that the form is timely submitted in the future.