Finding Text
Audit Finding Reference Number
2022 – 010 – Late Submission of Audit Report
Criteria
Pursuant to the requirement of Uniform Guidance 2 CFR Part 200.512(a), Single audits are required to be completed and the data collection form and reporting package submitted within the earlier of thirty (30) days after receipt of the auditor’s report, or nine (9) months after the end of the audit period. If the due date falls on a Saturday, Sunday, or federal Holiday, the reporting package is due the next business day.
Conditions and Contexts
The June 30, 2022 audit report was not submitted within the prescribed time frame. Required by federal regulations. The audit report was outstanding nine (9) months after the entity’s fiscal year.
Cause
Management failed to ensure the audit report was issued within the prescribed time frame.
Questioned Costs
For purposes of this condition, I have no questioned cost.
Effect
ABC. has not complied with the audit requirement of Uniform Guidance 2 CFR Part 200.512(a).
Repeat Finding
No.
Recommendation
I recommend that management of ABC take steps to ensure that the Single Audit is submitted within the prescribed deadlines.