Finding Text
Type of finding: Federal Award
Situation: Significant deficiency; Compliance with federal regulations.
Assistance Listing No: All Programs
Compliance Requirements: Reporting
Prior-Year(s) Audit Finding(s): 2020-003, 2019-003, 2018-003, 2017-008
Questioned Costs: Not determined.
Condition:
The Single Audit reporting package, as defined and required in 2 CRF 200.512 for fiscal year ended June 30, 2022, was not submitted timely.
Context:
AEDA’ Single Audit Reports have been submitted after the due date since fiscal year 2017.
Criteria:
As per 2 CRF 200.512, the audit, data collection form, and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report, or nine months after the end of the audit period. However, for any 2022 submissions with fiscal periods ending between January 1, 2022, and October 31, 2022, the requirement stating that single audits are due to the Federal Audit Clearinghouse 30 days after receipt of the auditor’s report(s), is waived. These audits will be considered on time if they are submitted within nine months after their fiscal period end date.
Cause:
AEDA has not been able to provide the necessary information for the preparation of the Single Audit Report on a timely basis.
Effect:
AEDA did not comply with the report submission requirement since the audit was not submitted within nine months after their fiscal period end date.
Auditor’s recommendation:
Management should continue to fulfill their auditee responsibilities as stated in 2 CRF 200.508 which among other things, require management to prepare appropriate financial statements and provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit to ensure that subsequent financial reporting packages are submitted timely.
Views of Responsible officials and corrective actions:
Documentation to perform a Single Audit of Stat FY 2023 which ended June 30, 2023 is already submitted to the auditors. They are working on control tests of the data submitted and expect to finish the Single Audit Report on March 31, 2024.
Audit Status:
In process of compliance.