Finding Text
2023-001 Criteria or Specific Requirement - The Uniform Guidance Section .320 requires the Organization to submit its Single Audit Reporting Package to the federal clearinghouse no later than nine months after fiscal year-end, unless the Organization's federal oversight agency approves an extension of this deadline.
Condition and Context - Audit reports were not filed in a timely manner with the Federal Audit Clearinghouse ("FAC").
Effect - The late submission affects all federal programs the Organization administers. However, this finding does not result in a control deficiency in internal controls over compliance or noncompliance for the individual federal programs, as this was not caused by the programs' administration.
Cause - The late completion of the Organization's audit contributed to the late submission of its Single Audit Reporting Package.
Recommendation - The Organization should improve its financial reporting process so that it can submit its Single Audit Reporting Package to the federal clearinghouse no later than nine months after fiscal year-end.
Views of Responsible Officials and Planned Corrective Action - Management agrees with the finding and has engaged an external consultant to perform bookkeeping and financial reporting services. In addition, management will schedule its external audit within a timeframe that ensures its completion before the Single Audit reporting deadline.