Finding Text
Criteria An entity expending more than $750,000 of Federal funds during a year are required to obtain and submit a Single Audit to the Federal Clearinghouse either 30 days after issuance of audit report ot 9 months after the entity's year end. Condition The Program failed to submit the required Single Audit reporting package for the year ended December 31, 2023 by the required deadline of September 30, 2024. Cause The Program struggled to find a qualified CPA firm in a reasonable time frame to complete the Single Audit. Effect Grant funding could be reduced or withheld altogether due to not submitting the reporting package by the required deadline. Recommendation We recommend management develop internal control procedures to ensure required reporting is submitted on time. Management's Response Management agrees with the finding and will implement our recommendation.