Finding Text
Finding No. 2022-002: Annual Audit Submission – Significant Deficiency
Type of Finding: Significant Deficiency in Internal Control over Compliance
Assistance Listing Program Title and Number: All
Federal Agency: All
Criteria - As per the Code of Federal Regulations, Section 200.512 - Report Submission, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors’ report, or nine months after the end of the audit period. The due date for the submission was September 30, 2023.
Condition - The audit and reporting package were not submitted by the due date September 30, 2023.
Cause - The Organization was not able to complete the financial statements and federal single audit by the due date.
Effect - The audit and federal reporting package were not filed on time.
Questioned Costs - None
Context - The financial statements and federal single audit were not able to be completed by the due date.
Recommendation - We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package.
Management’s Response/View of Responsible Officials - Addressing the significant housing needs in southern Connecticut impacted the Organization's ability to
complete bookkeeping duties in a timely manner during 2022. However, bookkeeping of expenditures for Federal Awards was not affected, nor were adjusting transactions for these expenditures required during the audit. These timing weaknesses - none of which impacted the legitimacy, truthfulness or honest representation of financial facts - have been addressed in 2023 with a tighter adherence to internal timelines. Management is confident the 2023 audit will bear out this reality.