Finding Text
Criteria: The audit must be completed and the data collection form and reporting package 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.
Condition: The audit for the year ended March 31, 2024 was completed January 22, 2025 and the data collection form and reporting package was submitted later than nine months after the end of the audit period, December 31, 2024.
Cause: Due to turnover in upper management, the prior audit for the year ended March 31, 2023 was not completed until September 17, 2024, thus delaying the start of the audit for the year ended March 31, 2024. See Summary Schedule of Prior Audit Findings for issues encountered that resulted in additional time needed to complete the audit for the year ended March 31, 2024.
Effect: The data collection form and reporting package was submitted later than nine months after the end of the audit period.
Recommendation: It is anticipated that the audit for March 31, 2025 will be completed and the data collection form and reporting package will be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or December 31, 2025. Management should implement recommendations relating to finding 2025-001 and 20252-002 to ensure accuracy of financial statements that will directly impact timely completion of future audits.
Management’s Response: The Agency acknowledges this error and agrees with the recommendations. With the completion of this audit, the Agency will be caught up after completing four audits in an 18-month time period. This current audit will be submitted by the
required deadline and the next regular audit is scheduled to begin shortly after the close of FY 25-26.