Issue: The Data Collection Form and Reporting Package were submitted late to the federal government.
Trend: Timeliness of submissions has been a recurring concern, impacting compliance.
Follow-up: Implement a tracking system to ensure all future submissions meet deadlines.
Finding Text
The Data Collection Form and the Reporting Package for the year ended June 30, 2024 were not timely submitted to the federal government.
Corrective Action Plan
To carry out the monthly closings and complete the audit within the corresponding period, the Administration and Finance Area will require monthly closings, which will allow the completion of the financial statements by the required date.