Finding Text
2022-001 - Untimely Filing of the Data Collection Form Criteria: Under the requirements of the Uniform Guidance (Single Audit), the recipient must file the date collection form by March 31, 2023 for the year ended June 30, 2022. Condition: The data collection form was not filed by March 31, 2023. Effect: Liberty Resources, Inc. is not in compliance with the Single Audit reporting requirements. Cause: Liberty Resources, Inc. did not have procedures in place to ensure that the single audit financial statements were completed in a timely manner. Recommendation: We recommend that Liberty Resources, Inc. complete the Single Audit financial statements in a timely manner to ensure that the data collections form can be submitted in compliance with the Single Audit requirements. View of responsible officials: Management?s objectives include timely filing of all regulatory and financial reports. Extenuating circumstances caused a significant delay in submitting fiscal year 2022 reports in a timely manner. Every effort is being made to file timely in the future.