Finding 555177 (2024-003)

-
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-04-16
Audit: 353780
Organization: Mary Baldwin University (VA)
Auditor: Brown Edwards

AI Summary

  • Core Issue: The University missed the deadline for filing the Data Collection Form for fiscal year 2023-2024.
  • Impacted Requirement: The form should be submitted within 30 days of receiving the auditor’s report or nine months after the audit period ends.
  • Recommended Follow-Up: Implement new procedures to ensure timely filing in the future, as the University has already started modifying its audit processes.

Finding Text

2024-003 – Lack of Timely Filing of Data Collection Form to the Federal Audit Clearinghouse Department of Education, SFA Cluster; Compliance Requirement Affected Condition: The University did not file the Data Collection Form for fiscal year 2023-2024 to the Federal Audit Clearinghouse within the required timeline. Criteria: A Single Audit requires the submission of the Data Collection Form to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of an auditor’s report, or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide. Cause: Staff turnover contributed to the late filing. Effect: The University did not complete their required submission to the Federal Audit Clearinghouse by the deadline of March 31, 2025. Repeat Finding: No. Recommendation: We recommend that the University put procedures in place to ensure timely filing of the Data Collection Form. Management Response: The University has modified its year-end audit procedures to ensure timely filing of the Data Collection Form going forward.

Corrective Action Plan

2024-003 – Lack of Timely Filing of Data Collection Form to the Federal Audit Clearinghouse Department of Education, SFA Cluster; Compliance Requirement Affected Condition: The University did not file the Data Collection Form for fiscal year 2023-2024 to the Federal Audit Clearinghouse within the required timeline. Criteria: A Single Audit requires the submission of the Data Collection Form to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of an auditor’s report, or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide. Cause: Staff turnover contributed to the late filing. Effect: The University did not complete their required submission to the Federal Audit Clearinghouse by the deadline of March 31, 2025. Repeat Finding: No. Recommendation: We recommend that the University put procedures in place to ensure timely filing of the Data Collection Form. Management Response: The University has modified its year-end audit procedures to ensure timely filing of the Data Collection Form going forward. If the Federal Audit Clearinghouse has questions regarding this plan, please call Brad Sheriff, PhD, MBA, CMA, Interim Chief Financial Officer at (540) 887-7285. Brad Sheriff, PhD, MBA, CMA, Interim Chief Financial Officer, Mary Baldwin University, 540-887-7285

Categories

No categories assigned yet.

Other Findings in this Audit

  • 555175 2024-001
    Significant Deficiency
  • 555176 2024-002
    Significant Deficiency
  • 1131617 2024-001
    Significant Deficiency
  • 1131618 2024-002
    Significant Deficiency
  • 1131619 2024-003
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $21.55M
84.063 Federal Pell Grant Program $3.79M
84.033 Federal Work-Study Program $259,843
84.007 Federal Supplemental Educational Opportunity Grants $251,963
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $40,072