Finding Text
Finding 2023-001: Late Audit Reporting
Criteria: Uniform Guidance 2 CFR 200.512(a) requires that an audit must be completed and the data
collection form and reporting package 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.
Statement of Condition: The audit, data collection form, and reporting package for the Corporation for
the year ended June 30, 2023, were due for submission to the Federal Audit Clearinghouse by March
31, 2024. This delay has been compounded by staff turnover and vacant roles within management.
Cause: The delay was due to staffing constraints and extended delays in the year-end close process
at the Corporation.
Effect or Potential Effect: The failure to comply with Uniform Guidance requirements may result in
noncompliance issues that could affect future funding and operational effectiveness.
Recommendation: It is recommended that management implement procedures and controls to ensure
that future audits are completed and submitted in a timely manner.
Management’s Response: Management agrees with this finding. Please refer to the Corrective Action
Plan for further details.