Finding Text
2023-005 Data Collection Form (Form SF-SAC) Criteria: According to 45 CFR 75.512, the audit must be completed and the data collection form (Form SF-SAC) must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.
Condition:
The CDP failed to submit to FAC the data collection form.
Cause:
The CDP failed to acquire the annual audit in a timely fashion resulting in a failure to file the data collection form.
Effect:
Failure to file data collection form could result in withholding of federal funds and jeopardize CDP's eligibility for federal awards.
Questioned Cost:
Undetermined
Recommendation:
Management needs to ensure the CDP can produce accurate and complete annual financial statements to ensure efficient audit process. Incomplete financial records will lead to increased testing which may result in delay of filing the data collection form.
Management's Views and Corrective Action Plan
Management's response is included in "Management's View and Corrective Action Plan" at the end of this report after the schedule of findings and questioned cost