Finding 524099 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2025-02-20

Audit: 343292

Organization: U.s. Apple Export Council (CA)

Auditor: Rood & Dinis LLP

AI Summary

Core Issue: USAEC submitted its audit report late, missing the deadline set by federal guidelines.
Impacted Requirements: Noncompliance with Uniform Guidance (2 CFR part 200) and federal grant agreements.
Recommended Follow-Up: Implement a policy to start financial audits within 7 months post fiscal year end to ensure timely submissions.

Finding Text

FEDERAL FINDING NONCOMPLIANCE Late Submission Criteria: According to the Uniform Guidance (2 CFR part 200), specifically section 200.512, audits must be submitted to the FAC within the earlier of 30 calendar days after receipt of the auditors’ report or nine months after the end of the audit period. Condition: USAEC did not meet its submission deadline for the fiscal year ended June 30, 2023, of March 31, 2024. Effect: USAEC was not in compliance with Uniform Guidance and the federal grant agreements. Cause: USAEC did not engage an auditor to conduct a financial statement audit in a timely manner. Recommendation: USAEC adopts a policy to begin their financial statement audit no later than 7 months after their fiscal year end to allow sufficient time to meet the Uniform Guidance compliance requirements. Repeat finding: No.

Corrective Action Plan

USAEC management acknowledges the finding 2023-001 made by Rood & Dinis, LLP during its financial statement audit for the fiscal year ended June 30, 2023. In response to the finding, management has already engaged a public accounting firm to complete the audit of USAEC’s financial statements for the year ended June 30, 2024 in order to submit a timely package to FAC before the March 31, 2025 deadline.

Other Findings in this Audit

1100541 2023-001

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Programs in Audit

ALN	Program Name	Expenditures
10.601	Market Access Program	$819,241
10.618	Regional Agricultural Promotion Program	$12,053