Finding Text
Finding 2023-002 Single Audit Report Filed Late
Condition:
The audited financial statements were not submitted to the Federal Audit Clearinghouse by the due date of September 30, 2024.
Questioned Costs: None
Criteria:
In accordance with 2 CFR Section 200.512, an entity expending more than $750,000 of federal funds within a fiscal year must submit the data collection form and reporting package by a due date that is the earlier of 30 calendar days after receipt of the auditor’s report(s) or nine months after the year end of the audit period.
Cause:
The late filing of the 2022 audit report led to a delayed start for the 2023 audit. As a result, the subsequent audit processes for the year ended December 31, 2023, were impacted, causing the filing for that audit to also be late.
Effect:
The Commission was not in compliance with Uniform Guidance, which could lead to sanctions by the funding agencies.
Recommendation:
We recommend the Commission establish a timely process to ensure completion of the audit by September 30 of each year.
Views of Responsible Officials:
Please refer to the Corrective Action Plan for management’s views and planned corrective action.