Finding Text
Condition: The audit report was due to be received by the State of
New Jersey no later than May 31, 2023. As a result, the
audit was not submitted timely. Criteria:
The School is required to submit an audit to the State of
New Jersey no later than nine months after their yearend.
Cause:
The School was unsure of the type of audit required due
to a new program that was received during the year.
This caused the audit to be delayed.
Effect of Finding:
The effect of this noncompliance is minimal.
Recommendation:
The School should alert the auditor about new funding
received during the year to give ample time to research
and prepare.
View of Responsible Party and Planned Corrective
Action:
The administrator will monitor the School’s funding that
they receive throughout the year and will alert the
auditor as soon as they receive funding from a new
program. As such, the required corrective actions have
been implemented.