Finding Text
CRITERIA: 2 CFR requires that non-federal entities that expend $750,000 or more in a year in federal awards must submit ttheir audited annual financial reports and the data collection form to the Federal Auidt Clearinghouse within thirty (30) days after receipt of the auditor's report, or nine (9) months of the close of the auditee's fiscal year. CONDITION: The Organization did not remit the annual audited financail statements and the data collection form to the Federal Audit Clearinghouse within 9 months after year-end as required by the Uniform Guidance. CAUSE: The Organization did not engage its independent auditor on a timely basis. EFFECT: Late submission causes the Organization to be put on the non-compliance list and can result in withholding of federal pass-through funding. QUESTIONED COSTS: Unknown RECOMMENDATION: The Organization should implement policies and procedures to ensure the timely filing of any and all required reports. RESPONSE: See Management's Corrective Action Plan on page 31.