Finding 496438 (2023-001)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-09-11

AI Summary

  • Answer: Annual audits were submitted late, impacting compliance with Federal Uniform Guidance standards.
  • Trend: This issue stems from previous findings but is not classified as a repeat finding.
  • List: Ensure timely submission of audits moving forward to avoid future compliance issues.

Finding Text

The annual audits performed under Federal Uniform Guidance standards were not timely submitted. This is a residual effect of the prior year finding, essentially not a repeat finding.

Corrective Action Plan

Agudath Israel of America, Inc. did not timely submit their audit for fiscal year ended August 31, 2023. In the prior fiscal year, the organization upgraded their accounting software. The migration of the data to the new software was a highly complex process and required additional outside consulting. As such, the Organization was unable to prepare the books and records in a timely fashion. The organization understands their reporting requirements and will comply with these regulations. The organization is committed to filing on time as required. The new software and associated financial processes will assist management in providing timely reports.The organization will ensure they will file timely in future years.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.00M
97.024 Emergency Food and Shelter National Board Program $126,852