Corrective Action Planned: Elle Foundation will implement policies, procedures, and related oversight activities to ensure Management and key staff maintain awareness of due dates for all compliance reporting including but not limited to submitting Single Audits to the FAC.
Contact Person: Cassandra Montgomery, Executive Director
Anticipated Completion Date: I was aware we were required to have audits for federal compliance. I honestly did not know of this Federal Clearing House compliance requirement. The previous auditor may have advised us but as I said above, based on previous federal audits, we believed we were fine. We have engaged our current auditor, the appropriate personnel and implemented procedures accordingly. Our anticipated date of full compliance with this audit reporting requirement is September 30, 2024.