Finding Text
2022-002 Audit Submitted Late to Federal Clearinghouse (noncompliance) Condition: The audit and Data Collection Form was not submitted to the Federal Audit Clearinghouse (FAC) by the March 31, 2023 deadline. Criteria: 2 CFR 200.512 requires federal award recipients to complete the Data Collection Form and submit a copy of their audit to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor?s reports or nine months after the end of the audit period. Cause: The organization switched financial officers during the fiscal year which prevented the organization to prepare for their audit in time to meet the federal deadline. Effect: Federal oversight agencies did not receive timely information regarding this recipient. They were not able to conduct their oversight responsibilities in a timely manner. Questioned costs: Not applicable. Auditor?s Recommendation: The organization should consider preparing for and starting the audit process in the late summer or fall in order to have plenty of time to meet the federal deadline. Views of Responsible Officials: To ensure audits get submitted in a timely manner to the Federal Audit Clearinghouse, TLS? current financial officer will start compiling all necessary documentation and schedule an independent audit in late summer or early fall. This will allow TLS to meet the required deadlines.