Answer: There are issues with how timely filings are managed with the Federal Audit Clearinghouse.
Trend: Delays in submissions have been increasing, which could lead to compliance risks.
List: Review filing processes, implement reminders for deadlines, and ensure staff training on requirements.
Finding Text
Finding No. 2023-001: Controls over timely filing with the Federal Audit
Clearinghouse
Corrective Action Plan
Management should institute procedures to ensure that the Data Collection Form is
electronically filed with the Federal Audit Clearinghouse within nine months of year
end.