Finding Text
Criteria - The Society’s Uniform Guidance submission to the Federal Audit Clearinghouse (“FAC”) was due within nine months of its year end. Condition - The Society’s Uniform Guidance submission to the FAC was not filed on time within nine months of the end of its fiscal year. Cause - This was management’s initial year filing a federal single audit report and therefore information necessary to file timely was not readily available resulting in a delay in concluding the audit on a timely basis. Context - When performing our audit we noted that the Uniform Guidance submission to the FAC was not filed on a timely basis. Questioned Costs - No costs were questioned. Effect - The Society was not in compliance with the requirement to complete the filling required by the Uniform Guidance within nine months of its year end, and therefore, the Society cannot be considered a low risk auditee. Recommendations - We recommend the Society’s Uniform Guidance submission to the FAC be filed within nine months of its year end as required.