FAC Explorer

Finding 395121 (2019-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2019
Accepted
2024-04-30
Audit: 305046
Organization: Family Center of Hope (TN)
Auditor: Wharton CPA LLC

AI Summary

  • Late Audit Submission: The audit for 2019 was filed in 2024, violating both federal and state deadlines.
  • Compliance Issues: This delay breaches federal law (9 months) and Louisiana state law (6 months) for audit submissions.
  • Timely CPA Engagement: To avoid future delays, the agency should secure CPA services well in advance of reporting deadlines.

Finding Text

Late Audit Report Filing: Condition: The audit for the year ended December 31, 2019 was not completed and submitted until 2024. Criteria: Federal law requires audit submission no later than nine (9) months following the end of the fiscal year. The Louisiana State audit law (LRS 24:513) requires the agency to complete its reporting requirements to the State within six (6) months following the end of its fiscal year. Cause: A previously engaged CPA did not complete the audit timely and the agency had to engage a different CPA. Effect: The audit is late and not in compliance with State and Federal reporting requirements. Recommendation: It is recommended that the Agency procure CPA services in a timely manner to meet its reporting obligations under both Federal and Louisiana State audit law.

Corrective Action Plan

Family Center of Hope solicited 5 bids from Certified P ublic Accounting Firms who are listed on the Louisiana Legislative Auditor's approved list in preparation to conduct the required 2019 audit. The Board of Directors vetted and approved a CPAAccounting Firm to conduct the 2019 audit in January 2020, while still not in receipt of a completed 2018 audit. Family Center of Hope provided the CPA Accounting Firm with all the necessary documents to complete the 2019 audit. The CPA Accounting Firm never completed the audit. Upon receipt of all our documents after numerous request this CPAAccounting Firm in 2022, the Family Center of Hope Board of Directors selected another Certified Public Accounting finn on January 2023 from the approved listing to complete this and upcoming late audits.

Categories

Reporting

Other Findings in this Audit

  • 395122 2019-002
    Material Weakness Repeat
  • 395123 2019-003
    Material Weakness Repeat
  • 971563 2019-001
    Material Weakness Repeat
  • 971564 2019-002
    Material Weakness Repeat
  • 971565 2019-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $795,916