Finding Text
Untimely Filing of the Data Collection Form
Criteria: Under the requirements of the Uniform Guidance (Single Audit), the recipient must file the date collection form by March 31, 2024 for the year ended June 30, 2023.
Condition: The data collection form was not filed by March 31, 2024.
Effect: Liberty Resources, Inc. is not in compliance with the Single Audit reporting requirements.
Awards: Applies to all federal awards listed on the Consolidated Schedule of Expenditures of Federal, State, and City Awards.
Cause: Liberty Resources, Inc. did not have procedures in place to ensure that the single audit financial statements were completed in a timely manner.
Recommendation: We recommend that Liberty Resources, Inc. complete the Single Audit financial statements in a timely manner to ensure that the data collections form can be submitted in compliance with the Single Audit requirements.
View of responsible officials: Management’s objectives include timely filing of all regulatory and financial reports. Extenuating circumstances caused a significant delay in submitting fiscal year 2023 reports in a timely manner. Every effort is being made to file timely in the future.