Finding Text
Compliance: Failure to Comply with Reporting Requirements
Category: Internal Control and Noncompliance with Federal Program Requirements
Condition: Valley Partners did not have a control to ensure the timely submission of the
Single Audit reporting package for the year ended December 31, 2023.
Criteria: In accordance with 2 CFR §200.512, the Single Audit reporting package must
be submitted within the earlier of 30 calendar days after receipt of the auditors'
report or nine months after the end of the audit period.
Cause: Lack of management control activities to ensure compliance with Single Audit
timely submission.
Context: Due to turnover in the finance department, the Single Audit reporting package
was not filed timely.
Effect: The Single Audit reporting package was not filed timely.
Repeat finding
from prior year: No.
Questioned costs: None.
Sampling
statistically valid: Not applicable.
Recommendation: Valley Partners should ensure proper controls are in place so the Single Audit
reporting package is filed timely.
View of responsible
official and
corrective Valley Partners agrees with the finding and will work to ensure controls are in
action plan: place so that the Single Audit reporting package is filed timely going forward.