Finding Text
Condition AIDS Resource Foundation for Children, Inc. failed to file its single audit report with the federal clearinghouse by the required due date ? the earlier of 30 calendar days after the receipt of the auditor?s report, or nine months after the end of the period under audit. The single audit report for the year ended June 30, 2022 was required to be completed and filed by March 31, 2023 however, the audit was not completed. Criteria Per 2 CFR 910.512(a)(1), the audit must be completed, and the reporting package must be submitted within the earlier of 30 calendar days after the receipt of the auditor?s report, or nine months after the end of the audit period. Cause The Agency did not timely close out its books and records and administer the audit in a timely manner to permit timely filing. Effect or Potential Effect Lateness in reporting could result in current information not being provided to federal agencies timely and potential impacts on grant funding. Recommendation We recommend that AIDS Resource Foundation for Children, Inc.. establish procedures and controls to ensure the accounting records are closed out timely and ensure required audits are scheduled and performed timely. Management Response We plan on starting the June 2023 audit by December 1, 2023 which should give us enough time to complete the Uniform Guidance audit by March 31, 2024. Planned Implementation Date of Corrective Action October 2023 Person Responsible for Corrective Action Executive Director