Finding 485487 (2022-001)

Condition: The Uniform Guidance requires that the audit be submitted to the Federal Audit Clearinghouse by the earlier of thirty days after issuance of the auditor’s reports or nine months after the period’s end date. The Organization failed to submit the audit package by the due date of September 30, 2023 and is therefore not in compliance with this requirement. Criteria: The financial records of the Organization should have been closed and presented to the auditor in sufficient time to allow for the timely completion of the audit process and the resulting report package to be submitted to the proper authorities within the reasonable time period allotted. Effect: Due to the tardiness of the Organization in this regard, it may have jeopardized federal funding opportunities in the future. Recommendation: Management should develop a system that keeps the audit process on track so that future Single Audit packages are submitted on time.