Finding Text
CRITERIA:
Section §200.512 of the Uniform Guidance, Report Submission, requires that the audit must be completed and the data collection form and audit reporting package be submitted to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit fiscal period.
CONDITION:
Entity’s data collection form and audit reporting package for the six-month reporting fiscal period ended December 31, 2020, were not submitted in a timely manner to the Federal Audit Clearinghouse. The Uniform Guidance required that the submittal be made by or before March 31, 2022 (inclusive of the six months extension beyond the original due date of September 30, 2021, granted by the OMB to accommodate business disruptions caused by Covid-19 pandemic.)
CAUSE:
It appears the organization experienced extended disruptions in its fiscal department due to the Covid-19 pandemic and other health challenges, resulting in the late completion of financial records and readiness for audit activities.
EFFECT:
Non-compliance with a compliance requirement of the Uniform Guidance that is considered relevant for timely review of the organization’s performance of the federal program.
RECOMMENDATION:
Establish processes and controls, including planning in advance for skilled personnel or alternative actions, bearing in mind audit reporting and compliance deadlines, in order to enhance the overall operational efficiency in the accounting and financial reporting functions as well as ensure compliance with the financial and audit report submission due dates.