Issue: The annual audit reporting package was submitted late, impacting compliance with regulatory deadlines.
Trend: This is not an isolated incident; there have been multiple late submissions in previous years.
Follow-up: Implement a timeline checklist and assign responsibilities to ensure timely submissions in the future.
Finding Text
Late Filing of Annual Audit Reporting Package
Corrective Action Plan
Management has been in contact with their funders regarding the late
submission and no action is expected. Management will arrange for future audits and submissions to be
performed timely