Finding Text
Condition - The 2023 financial statements are not yet submitted to REAC and the federal audit clearinghouse (FAC); Criteria - The financial statements must be submitted within 9 months of year end; Cause - The prior management agent did not engage an auditor for 2019 through 2022, the current management agent secured the auditor but the prior audits were completed late, and the current audit could not be completed and filed until the prior audits were completed; Recommendation - All audits should be completed and submitted to REAC and FAC on a timely basis. Management response - Management has made every effort to have the audits completed on a timely basis and has changed the audit firm to provide for timely submissions.