Finding Text
CRITERIA: 2 CFR requires that non-Federal entities that expend $750,000 or more in a year in Federal awards must submit their audited annual financial reports and the data collection form to the Federal Audit Clearinghouse within thirty (30) days after receipt of the auditor's report, or nine (9) months of the close of the auditee's fiscal year. CONDITION: The Organization did not remit the annual audited financial statements and the data collection form to the Federal Audit Clearinghouse within 9 months after year-end as required by the Uniform Guidance. CAUSE: The Organization had delays in providing key data for the audit and that contributed to the late submission of the Organization's audit report. EFFECT: Late submission causes the Organization to be put on the non-compliance list and can result in withholding of federal pass-through funding. RECOMMENDATION: The Organization should implement policies and procedures to ensure timely filing of any and all required reports. MANAGEMENT RESPONSE: See management's Corrective Action Plan starting on page 27.