Finding Text
Late Submission of Prior Year’s Single Audit Report to the Federal Audit Clearinghouse – Federal Program Economic Development Assistance Program, ALN 11.307
Criteria - In accordance with 2 CFR §200.512(a), the auditee must submit the reporting package to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Timely submission is required to ensure compliance with federal reporting requirements and to allow federal agencies access to audit results.
Condition - The auditee submitted the 2022 Single Audit reporting package to the FAC on November 8, 2023, which was after the required due date of September 30, 2023.
Cause - The delay was due to finalizing the financial statements and related audit. There was a change in auditors that year.
Effect - Failure to submit the Single Audit reporting package to the FAC within the required timeframe constitutes noncompliance with federal requirements and could result in federal agencies taking enforcement actions, such as delayed funding decisions or additional reporting requirements.
Questioned Costs - None.
Recommendation - We recommend that the auditee implement procedures to ensure the timely submission of future Single Audit reporting packages to the FAC. This may include establishing an internal deadline well in advance of the federal due date, assigning responsibility to a designated staff member, and monitoring submission status.
Views of Responsible Officials - Management concurs with the finding and has implemented procedures to ensure future submissions to the FAC are made within the required timeframe.