Finding 515600 (2023-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-12-18
Audit: 333345
Organization: Aha MacAv Housing Entity (AZ)
Auditor: Bluearrow Cpa's

AI Summary

  • Core Issue: The data collection form for the 2023 audit was not submitted by the September 30, 2024 deadline, marking a material weakness and a repeat finding from 2022.
  • Impacted Requirements: Compliance with OMB guidance and Uniform Guidance 2 CFR 200 mandates timely submission of audit reports and forms.
  • Recommended Follow-up: The Housing Entity should take steps to ensure annual filing requirements are met to avoid future compliance issues.

Finding Text

2023 - 001 - Compliance with Reporting Requirements of OMB-Single Audit - Material weakness - Repeated (Prior Year Finding 2022-001) Condition: The data collection form for the year ended December 31, 2023, was not filed by the deadline of September 30, 2024, to the Federal Audit Clearinghouse. Criteria: Per Uniform Guidance 2 CFR 200, the single audit reporting package, and the data collection form (SFSAC) must be submitted to the Federal Audit Clearinghouse within 30 calendar days after receipt of the auditor's report(s), or 9 months after the end of the audit period, whichever comes first. Cause: All required information required for the Single Audit was not available to complete within the required timeframe. Effect: Late filings with the Federal Clearinghouse affect the determination of the Housing Entity being considered a “low risk auditee” pursuant to OMB guidance. Auditor's Recommendation: We recommend the Housing Entity attempt to meet the annual filing requirements.

Corrective Action Plan

Management's Response: The Housing Entity will adhere, and practice set forth in the Financial Management Policy and Procedures, 8. Finance Reporting (a) Reports to Grant Agencies. The Housing Entity will do its best to implement control for filing of financial reporting prior to the deadline(s). Estimated Completion Date: The TDHE shall complete and submit all reports to Federal, State, and local grant agencies in accordance with, and in the format and timelines required by the agency. In accordance with 2 CFR Section 200.512(a), the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor's report, or nine months after the end of the audit period, adjusted for any extensions permitted by the Office of Management and Budget. Again, the Housing Entity will do its best to implement control for filing of financial reporting prior to the deadline(s). Responsible Party: Executive Director and Bookkeeper.

Categories

Material Weakness Reporting

Other Findings in this Audit

  • 515601 2023-001
    Material Weakness Repeat
  • 1092042 2023-001
    Material Weakness Repeat
  • 1092043 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.867 Indian Housing Block Grants $550