Finding Text
Timeliness of Single Audit Completion
Type of Finding: Material Noncompliance
Criteria or specific requirement: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires compliance with report submission for program-specific audit provisions. 2 CFR 200.507(c)(1) indicates that the audit must be completed and the required reporting submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide.
Condition: The Alliance did not submit the audit within the required timeframe.
Questioned costs: None.
Context: This is the first year the Alliance was required to have a single audit performed under Uniform Guidance.
Cause: The Alliance was unaware of the requirements for timeliness of a single audit.
Effect: The Alliance is not in compliance with the federal regulations.
Repeat Finding: No
Recommendation: We recommend the Alliance continuously monitor it’s expenditures of federal funds and begin the process of engaging an Auditor in a timely manner when the Alliance is aware that it will exceed the threshold triggering a single audit.
Views of Responsible Officials: Management partially agrees. While agreeing that the Single Audit was not timely, the Alliance had been trying for a number of months to find an auditor. There is only one CPA on the entire island of American Samoa, and she doesn’t perform audits. There is also the issue of the territory being very remote, in fact, the audit firm performing the audit was several time zones away from American Samoa. Now that the Alliance has a relationship with an audit firm, any Single Audits required in the future will be performed in a timely manner.