Finding Text
Condition: The audit report is due to be received by the State of New Jersey no later than march 31, 2023. As a result, the audit was not submitted timely. Criteria: The School is required to submit the audit to the State of New Jersey no later than none months after their year-end. Cause: The School did not realize how long it takes to complete an audit and didn?t give the auditor enough time to complete the audit in time. Effect of Finding: The effect of this noncompliance is minimal. Recommendation: A system should be in place where the auditor should be able to begin his audit soon after the fiscal year end in order to be able to complete the audit in time. View of Responsible Party and Planned Corrective Action: The administrator and staff of the School will work on ensuring that all future audits are submitted in a timely manner.