Finding Text
CONDITION: The School’s audit was not completed and the data collection form and reporting package were not submitted within nine months after the end of the audit period. CRITERIA: Section 200.512 Report 2022-008 Late Audit SubmissionSubmission of the Office of Management and Budget’s Uniform Guidance states, “The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day.”CAUSE: The School’s financial statements and records were not ready for audit in a timely fashion that allowed for a timely audit submission.EFFECT: The awarding agency could restrict future grant payments to the School.