Finding Text
Condition: The audit report was due to be received by the State of New Jersey no later than May 31, 2023. As a result, the audit was not submitted timely. Significant Deficiency Criteria: The School is required to submit an audit to the State of New Jersey no later than nine months after their yearend. Cause: The School was unsure of the type of audit required due to a new program that was received during the year. This caused the audit to be delayed. Effect of Finding: The effect of this noncompliance is minimal. Recommendation: The School should alert the auditor about new funding received during the year to give ample time to research and prepare. View of Responsible Party and Planned Corrective Action: The administrator will monitor the School?s funding that they receive throughout the year and will alert the auditor as soon as they receive funding from a new program. As such, the required corrective actions have been implemented.