FAC Explorer

Finding 2610 (2022-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-11-28
Audit: 4379
Organization: Native Village of Kivalina (AK)
Auditor: Brad Cage CPA

AI Summary

  • Core Issue: NVK did not submit their audit within the required 9-month timeframe after year-end.
  • Impacted Requirements: This violates 2CFR Section 200.512, which mandates timely audit submissions.
  • Recommended Follow-Up: Management is aware and preparing for the 2023 audit; ensure they address outstanding items to avoid repeat findings.

Finding Text

I NOTED THAT THE NVK DID NOT SUBMIT THEIR AUDIT WITHIN THE REQUIRED 9 MONTH TIMEFRAME OF YEAR END. PER 2CFR SECTION 200.512, NVK MUST SUBMIT THEIR AUDIT WITHIN 9 MONTHS OF THEIR FISCAL YEAR END. NO QUESTIONED COSTS. THE NVK WAS STILL ADDRESSING COVID RELATED DELAYS. MANAGEMENT IS AWARE OF THE REQUIREMENT AND HAS STARTED TO PREPARE FOR THE 2023 AUDIT IN ORDER FOR IT TO BE SUBMITTED TIMELY. IN ADDITION, THE 2022 AUDIT WAS VERY CLOSE TO BEING SUBMITTED WITHIN 9 MONTHS, THERE WERE JUST A FEW OUTSTANDING ITEMS WHICH PREVENTED TIMELY SUBMISSION. THIS WAS A REPEAT FINDING. THIS FINDING WAS PREVIOUSLY REPORTED AS FINDING 2021-004.

Corrective Action Plan

MANAGEMENT HAS STARTED WORK ON THEIR 2023 AUDIT PREPARATION AND WILL ENSURE THAT IT IS SUBMITTED TIMELY.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 2609 2022-002
    Material Weakness
  • 579051 2022-002
    Material Weakness
  • 579052 2022-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.55M
90.100 Denali Commission Program $229,172
15.020 Aid to Tribal Governments $158,564
14.867 Indian Housing Block Grants $118,291
66.926 Indian Environmental General Assistance Program (gap) $104,794
21.032 Local Assistance and Tribal Consistency Fund $71,943
15.156 Cooperative Landscape Conservation $47,320
93.391 Activities to Support State, Tribal, Local and Territorial (stlt) Health Department Response to Public Health Or Healthcare Crises $28,400
20.205 Highway Planning and Construction $858