FAC Explorer

Finding 57947 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-08-09
Audit: 55194
Organization: Puerto Rico Fiscal Agency & Financial Advisory Authority (PR)
Auditor: Rsm Puerto Rico

AI Summary

  • Issue: The Authority missed the deadline for submitting the data collection form and reporting package for the year ending June 30, 2022.
  • Trend: This delay could indicate ongoing compliance issues that may affect future submissions.
  • Follow-up: Ensure the Authority submits the missing documents and implement a tracking system to prevent future delays.

Finding Text

The Authority did not submit the required data collection form and reporting package for the year ended June 30, 2022, within the required period.

Corrective Action Plan

Management has in place all the internal controls needed to issue the Uniform Guidance report for the fiscal year ending on June 30, 2023, and subsequent years on time. Currently, management is working with the 2023 fiscal year financial statement audit and uniform guidance audit plan which take into consideration to issue those reports on or before March 15, 2024.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.019 Coronavirus Relief Fund $10.19M
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.91M