Finding 555296 (2024-001)

Significant Deficiency Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-04-17

Audit: 353931

Organization: Launch Alaska (AK)

Auditor: Smart Solutions CPA INC

AI Summary

Issue: The Organization missed the deadline to submit the reporting package.
Requirement: It should have been submitted within 30 days of receiving the auditor's report or within 9 months after the audit period ended.
Follow-up: Ensure timely submission of future reporting packages to avoid compliance issues.

Finding Text

The Organization did not submit the reporting package within the earlier of thirty days after the receipt of the auditor's report, or the nine months after the end of the audit period.

Corrective Action Plan

The Organization has implemented improved internal controls and reporting mechanisms to ensure timely submission of reporting packages in accordance with 2 CFR Part 200, Subpart F, Section 200.512. Steps include a compliance calendar, internal reminders, and accountability measures to prevent future delays.

Other Findings in this Audit

1131738 2024-001

Significant Deficiency Repeat

Programs in Audit

ALN	Program Name	Expenditures
12.300	Basic and Applied Scientific Research	$1.35M
81.010	Office of Technology Transitions (ott)-Technology Deployment, Demonstration and Commercialization	$261,240
81.087	Renewable Energy Research and Development	$95,265
90.100	Denali Commission Program	$60,704
11.039	Regional Technology and Innovation Hubs	$5,000
81.086	Conservation Research and Development	$305