Finding Text
Finding 2022-004: Significant Deficiency - Late Filing of Single Audit Reporting Package Federal Program - All Federal Agency - All Pass-Through Entity - Not Applicable Assistance Listing Number - Various Federal Award Number - Various Federal Award Year - June 30, 2022 Criteria: Title 2 U.S. Code of Federal Regulations Part 200.512, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires that the single audit reporting package be submitted the earlier of 30 days after receipt of the independent auditors' report, or 9 months after year end. Condition: The University's 2021 single audit reporting package was not submitted within the required timeframe. Cause: There was turnover during the year which contributed to the delay in filing the single audit reporting package. Effect: The single audit reporting package was submitted more than 30 days after receipt of the independent auditors' report, which was after the required reporting time period. Questioned costs: Not applicable. Context: Not applicable. Recommendation: The University should establish policies and procedures to submit the single audit reporting package within the required timeframe. Management Response: There was a miscommunication between the auditor at the time and the former Controller regarding the 30 day filing deadline for the single audit. Doane has implemented policies in coordination with the current auditor to ensure that future deadlines are met. Doane University also transitioned to a new audit firm for fiscal year ended June 30, 2022 to help ensure a smoother process.