Finding Text
Section III – Federal Award Findings and Questioned Costs
2023-001 Late submission of June 30, 2022 audit report – Federal Filing
Federal Program: ALN 93.575, 93.332, and 14.241
Criteria: UWBC is required to file its audit report each year to the Federal Audit Clearinghouse within nine months after the end of fiscal year in accordance with 34 CFR 200.512.
Condition: UWBC did not file its June 30, 2022 report to the Federal Audit Clearinghouse within nine months after the end of fiscal year.
Cause: UWBC experienced employee turnover in key managerial and accounting roles causing delays in close out and completion of the audit.
Effect: UWBC did not meet the submission requirements as set forth by 34 CFR 200.512.
Recommendation: We recommend UWBC closely monitors this important submission requirement to avoid missing the deadline.
Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearinghouse in compliance with the submission requirements.