Finding Text
Compliance with Reporting Requirements
Information on Federal Program: U.S. Department of Commerce COVID-19 Economic
Adjustment Program federal assistance listing number 11.307.
Criteria: 2 CFR section 200.512(a) requires the reporting package and data collection form to be
submitted to the Federal Audit Clearing house the earlier of 30 calendar days after the reports are
received from the auditor or 9 months after the end of the reporting period. Therefore, the
December 31, 2023, reporting package deadline was September 30, 2024.
Statement of Condition: The Single Audit was not filed within 9 months after year end as required
by the Federal Audit Clearing House.
Statement of Cause: The audit of the consolidated financial statements and Single Audit was not
able to be completed prior to the submission deadline.
Perspective Information: The Organization exceeded the threshold for a single audit for the first
time in 2023. As a result, the Organization needed to contract with a new audit firm and the audit
was not able to be completed prior to the submission deadline.
Statement of Effect: The Organization was not in compliance with federal guidelines.
Questioned Cost: None
Repeat Finding: No
Recommendation: We recommend management review policies and procedures to ensure timely
and accurate information is available in order to complete the audit process timely.
Views of the Responsible Officials and Planned Corrective Actions: Management agrees with the
finding and will ensure that the required deadline is met in the future.