Finding Text
2022-004: Late Audit Filing Condition: The Organization did not submit the audit report to the Federal Audit Clearinghouse (FAC) within 9 months after the end of the fiscal year in accordance with the Uniform Guidance. Criteria and Cause: The June 30, 2022 audit was required to be submitted to the FAC within 9 months after the end of the fiscal year in accordance with the Uniform Guidance. However, due to needing additional time to complete the Uniform Guidance audit because of the Federal provider relief funds received during the pandemic and the delay by Federal accounting bodies in clarifying the rules for reporting and auditing these funds, this deadline was not met. Effect: The potential effect of not submitting the financial statements in a timely manner could subject the Organization to disciplinary measures by Federal grant agencies. Recommendation: We recommend that the Organization submit the current audit to the FAC as soon as available, and the Organization work diligently to meet all future audit filing deadlines.