Finding 560181 (2023-231)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-05-13
Audit: 356150
Organization: Talmud Torah Yesodei Hatorah (NJ)

AI Summary

  • Issue: The audit report was not submitted to New Jersey by the March 31, 2024 deadline.
  • Requirements Impacted: The School must submit audits within nine months after their year-end.
  • Follow-Up: The School should inform the auditor about any new funding promptly to avoid future delays.

Finding Text

Condition: The audit report was due to be received by the State of New Jersey no later than March 31, 2024. As a result, the audit was not submitted timely. Criteria: The School is required to submit an audit to the State of New Jersey no later than nine months after their yearend. Cause: The School was unsure of the type of audit required due to a new program that was received during the year. This caused the audit to be delayed. Effect of Finding: The effect of this noncompliance is minimal. Recommendation: The School should alert the auditor about new funding received during the year to give ample time to research and prepare. View of Responsible Party and Planned Corrective Action: The administrator will monitor the School’s funding that they receive throughout the year and will alert the auditor as soon as they receive funding from a new program. As such, the required corrective actions have been implemented.

Corrective Action Plan

The audit report was due to be received by the State of New Jersey no later than March 31, 2023. As a result, the audit was not submitted timely. Recommendation: The School should alert the auditor about new funding received during the year to give ample time to research and prepare. Action Taken: The administrator will monitor the School’s funding that they receive throughout the year and will alert the auditor as soon as they receive funding from a new program. As such, the required corrective actions have been implemented. Implementation Date: Corrective Action Plan has been implemented as of April 3, 2024. Person Responsible for Implementation: Mr. Rother, the Administrator, is the responsible party for implementation of the CAP. Telephone Number: (732)-722-5511.

Categories

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Other Findings in this Audit

  • 1136623 2023-231
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.553 School Breakfast Program $668,086
10.555 National School Lunch Program $20,274