Finding Text
2021-002 – AUDIT TIMELINESS
Federal Program Information:
Federal Agency Federal Program Name Assistance Listing Number Grant Award(s) Unique Identifier(s)
Department of Defense Basic Scientific Research 12.431 W15QKN-14-1-0001
W15QKN-20-1-1000
Criteria:
2 CFR 200.512 states the audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day.
This would be a September 30, 2022 deadline for the fiscal year ended December 31, 2021.
Condition:
The financial and single audits were originally issued on September 30, 2022. However, certain conditions required a reissuance of the financial and single audits to be completed after federal guidelines.
Questioned Costs:
Not applicable.
Context:
Total federal expenditures listed on the Schedule of Federal Awards was $6,267,848, of which $6,267,848 was related to the major program.
Cause:
There was a subsequent discovery of facts that became known after the original report release date that required a revision of the original financial and single audit reports and related information.
Effect:
The audit was reissued and resubmitted to the federal clearinghouse after the due date per federal guidelines.
Recommendation:
Audits should be scheduled and conducted in a manner which facilitates the timely issuance of the single audit.
Views of Responsible Officials:
Management does not concur with the audit recommendation.