Issue: The Bank's Single Audit Report for FY 2022 was submitted late, missing the March 31, 2023 deadline.
Trend: This delay indicates a potential pattern of non-compliance with submission timelines set by the Uniform Guidance.
Follow-up: Recommend reviewing internal processes to ensure timely completion and submission of future audits.
Finding Text
The Single Audit Report of the Bank for the fiscal year ended June 30, 2022, was not submitted on or before March 31, 2023, as required by the Uniform Guidance. The Single Audit related to such period was completed after the 9 months deadline.