Finding Text
CRITERIA: § 200.512 Report submission. (a) General. (1) The audit must be completed and the data
collection form described in paragraph (b) of this section and reporting package described in paragraph (c)
of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor's
report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or
Federal holiday, the reporting package is due the next business day.
CAUSE: The entity did not have controls in place to verify that they have expended over $750,000 in
federal awards to qualify for a single audit.
CONDITION: The audit was no submitted on time to the federal audit clearinghouse. The deadline for
the submission was September 30, 2023.
EFFECT: The funders that require the reports and audits will not have received the report in time and it
could effect monitoring of the federal awards
QUESTIONED COSTS: N/A
RECOMMENDATION: T&C recommends engaging auditors early and working with them on a timely
basis. Grants from the majority of the sources are federally funded, if the expenditures of these federal
awards exceed $750,000, they should contact their CPA and begin preparing for a single audit and
applicable compliance requirements.