Finding 582643 (2022-004)

Criteria: The Institution is required to file its audit report each year to the Federal Audit Clearinghouse within nine months after the end of fiscal year in accordance with 34 CFR 200.512. Condition: The Institution did not file its fiscal 2022 report to the Federal Audit Clearinghouse within nine months after the end of fiscal year. Cause: The Institution experienced employee turnover in key managerial and accounting roles causing delays in close out and completion of the audit. Effect: The Institution did not meet the submission requirements as set forth by 34 CFR 200.512. Recommendation: We recommend the Institution closely monitors this important submission requirement to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearinghouse in compliance with the submission requirements.