Finding 509780 (2023-002)

2023-002 Failure to Submit Financial Information to the Federal Audit Clearinghouse Timely Criteria: All Single Audits performed in accordance with the Uniform Guidance are required to be filed with the Federal Audit Clearinghouse no later than nine months after the entity’s year end. Condition: The Church failed to submit the annual audit report to the Federal Audit Clearinghouse within nine months of the entity’s year end. Effect: The Church is not in compliance with the Federal Audit Clearinghouse filing requirement. Cause: Due to lack of appropriate management oversight, the Church lacked the ability to ensure proper procedures were followed to maintain timely financial reporting. Recommendation: Management should put additional policies and procedures in place to ensure that their internal financial records are timely and that communication with the independent auditor should be closely monitored to identify issues that may cause delays in issuing the audit report.