Finding 279140 (2022-003)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-29

AI Summary

  • Core Issue: COCAA failed to submit the audit for the fiscal year ending March 31, 2022, on time, violating Uniform Guidance requirements.
  • Impacted Requirements: The organization did not meet the deadline of 30 days post-auditor report or nine months after the audit period, leading to delays in finalizing financial statements.
  • Recommended Follow-Up: Enhance fiscal processes to ensure timely and accurate financial information is available, streamlining the audit process.

Finding Text

2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Criteria: Under the requirements of Uniform Guidance, it is the auditee?s responsibility to ensure the audit is properly performed and submitted when due. The audit shall be completed and the data collection form and reporting package submitted within the earlier of 30 days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: COCAA did not meet the time constraints for submitting the audit for the fiscal year ending March 31, 2022. Obtaining complete and timely financial statements was problematic and numerous audit adjustments were suggested and accepted by management to ensure the financial statements accurately reflected the organization?s overall financial position and results of operations. These factors contributed to significant delays in the ability to finalize year-end financial statements. Cause/Effect: COCAA is out of compliance with the reporting deadline for the audit. Recommendation: Saunders & Associates, PLLC recommends COCAA ensure fiscal processes are enhanced to ensure management receives current and accurate financial information on a timely basis which will allow for the audit process to be completed in a much less time-consuming and arduous process. Reply: See corrective action plan.

Corrective Action Plan

2022-003: NON-COMPLIANCE WITH AUDITEE RESPONSIBILITIES RELATED TO REPORTING REQUIREMENTS UNDER UNIFORM GUIDANCE Responsible Person: Tracy Izell Corrective Action Planned: COCAA has shifted more of the day to day input responsibilities to the Finance Office Manager. In addition, COCAA will retain the services of an MIP Expert recommended to us by other CAA?s. Anticipated Completion Date: Started but will be ongoing. The MIP Expert will be dependent upon schedules, but we are looking within the next 6 months. COCAA?s overall response to the audit experience can be summed up in disappointment. The lack of clear communication which we believe could have been prevented. In all the other audits I have been through, the field auditor would meet with us to explain what they found, why they found it and asked us for our input. Many times, this is simply a communication error and can be cleared up in that meeting. However, that meeting never happened. In fact, there was no communication and we were told by Saunders twice, there were no findings, only to get this report. COCAA has acknowledged the timeliness issue and have made adjustments in order to remedy this particular finding. I would also like to add that I have requested clarification for the journal entries made and still have not received a response. COCAA also acknowledges the auditors have had turmoil in their personal lives. We, at COCAA, are truly saddened by these events as we believe and wish everyone good fortune which, as well all know, doesn?t come all the time. We totally understand that Saunders has not been engaged since they are dealing with other issues. However, we do feel the audit events were not reflective of COCAA?s Management or Board or the way the COCAA handles their business. This audit experience has been abysmal at best.

Categories

Reporting

Other Findings in this Audit

  • 279141 2022-003
    Material Weakness
  • 279142 2022-003
    Material Weakness
  • 279143 2022-003
    Material Weakness
  • 279144 2022-003
    Material Weakness
  • 279145 2022-003
    Material Weakness
  • 279146 2022-003
    Material Weakness
  • 279147 2022-003
    Material Weakness
  • 279148 2022-003
    Material Weakness
  • 279149 2022-003
    Material Weakness
  • 279150 2022-003
    Material Weakness
  • 855582 2022-003
    Material Weakness
  • 855583 2022-003
    Material Weakness
  • 855584 2022-003
    Material Weakness
  • 855585 2022-003
    Material Weakness
  • 855586 2022-003
    Material Weakness
  • 855587 2022-003
    Material Weakness
  • 855588 2022-003
    Material Weakness
  • 855589 2022-003
    Material Weakness
  • 855590 2022-003
    Material Weakness
  • 855591 2022-003
    Material Weakness
  • 855592 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $673,520
93.569 Community Services Block Grant $594,080
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $115,384
20.509 Formula Grants for Rural Areas and Tribal Transit Program $75,060
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $61,370
14.231 Emergency Solutions Grant Program $37,633
97.024 Emergency Food and Shelter National Board Program $8,229
14.218 Community Development Block Grants/entitlement Grants $286