Finding Text
2022-001 Single Audit Submission
Significant Deficiency
Criteria: The Federal Office of Management and Budget (OMB) Circular 2 CFR 200.512(a) requires that a non-profit organization expending $750,000 or more in total cumulative Federal funds must have a Single Audit performed in accordance with the Single Audit Act. This audit reporting package must normally be submitted and received by the Federal Audit Clearinghouse (FAC) the earlier of 30 days after the report date or nine months after the fiscal year end. The due date for submission of WNCAP’s June 30, 2022, audit to the Clearinghouse was March 31, 2023.
Condition: The WNCAP Single Audit was not submitted to the Federal Audit Clearinghouse within the prescribed period.
Cause: Turnover in key finance positions along with COVID caused delays in the completion of the prior year audit which in turn affected the completion and timely filing of the current year Single Audit.
Effect: Management was not in compliance with the requirement to timely submit the Single Audit to the FAC.
Identification of a Repeat Finding: This is a repeat finding from the immediate previous audit, 2021-002.
Recommendation: Management should implement procedures ensure that the financial statements are submitted to the FAC in accordance with filing requirements.
Management’s View: We agree with this finding and have outlined our response in our Corrective Action Plan.