Answer: The Coalition needs to enhance its financial reporting process.
Trend: Timely submission of the Single Audit Reporting Package is crucial, ideally within nine months after the fiscal year ends.
List: Recommended follow-up includes reviewing current processes, identifying bottlenecks, and implementing improvements to meet the deadline.
Finding Text
The Coalition should improve its financial reporting process so that it can submit its Single Audit Reporting Package to the Federal Audit Clearinghouse no later than nine months after fiscal year-end.
Corrective Action Plan
Late Submission of Audit Report to the Federal Clearinghouse