Finding Text
Federal Departments: All departments
Assistance Listing #: All programs
Internal Controls Significant Deficiency & Compliance
Category of Finding – Reporting
Criteria - Pursuant to 2 CFR section 200.512(a), the reporting package shall be submitted within the earlier of 30 days after receipt of the auditor's report(s), or nine months after the end of the audit period.
Condition - Simpson did not submit the Single Audit Reporting Package for the year ended June 30, 2022 within nine months after the end of the audit period (March 31, 2023).
Cause - Simpson faced turnover and short staffing within the accounting department during fiscal year 2022. As a result, the audit was not completed until after the March 31, 2023 deadline.
Effect - Failure to submit the required Single Audit Reporting Package timely automatically results in Simpson not qualifying for low-risk auditee status for the subsequent year's Single Audit.
Recommendation - We recommend that Simpson develop, document, and implement policies and procedures for to ensure timely submission of the Single Audit Reporting Package.