Finding Text
2023-001: Material Weakness - Untimely Filing of Data Collection Form
All federal programs
Criteria
2 CFR § 200.512(a)(1) states that an auditee must submit a data collection form and audit reporting
package to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor’s
report or nine months after the end of the audit period.
Condition
The Association is required to submit the data collection form electronically to the Federal Audit
Clearinghouse. This is to be completed within 30 days of report issuance or nine months after year-end
(December 31), whichever is earlier. The data collection forms for the years ending December 31, 2022
and 2021 were not timely filed.
Cause
The Association had not completed its audits as of the due date, therefore the data collection forms were
not filed in a timely manner.
Effect
The Association was not in compliance with the requirements for filing the data collection form.
Context
The Association’s December 31, 2022 audited financial statements was not completed as of the due
date, therefore the data collection form was not filed timely.
Recommendation
We recommend that the Association ensure that the audit is completed in a timely manner and the data
collection form is filed within the required timeline.
Views of Responsible Officials and Planned Corrective Actions
Management agrees with the finding, has prepared an assessment of the root causes of this material
weakness, and has developed a corrective action plan.
Indication of Repeat Finding
Yes, see finding 2022-002