Finding 480735 (2023-002)

2023-002: Single Audit Report Late Submission — Significant Deficiency in Internal Control Over Compliance and Noncompliance Federal program information: Funding agency: All Major Programs Title: All Major Programs ALN: All Major Programs Award number: All Major Programs Aware period: All Major Programs Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements (Uniform Guidance), Section 200.512 requires the audit and data collection form be submitted within nine months after the end of the audit period. Condition/Context: The Organization’s fiscal year ended June 30, 2023 Single Audit reporting package was not submitted within nine months after the end of the audit period Questioned Costs: None Cause and Effect: Due to significant turnover in several key positions in the accounting and finance department, the Organization fell behind with the performance of their annual accounting records and financial statement closing process. As a result, the Single Audit reporting package was submitted after the required date. Auditor’s Recommendations: To ensure compliance with Uniform Guidance requirements, the Organization should fill the key positions or hire temporary accounting services to ensure its financial records are complete and an audit is performed timely for submission of the Single Audit reporting package by the required deadline. Management Response: Management agrees with the finding, see corrective action plan