Finding 970149 (2022-001)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2024-04-18
Audit: 303855
Organization: Congregation Bnai Yoel, Inc. (NY)
Auditor: K&r CPAS PLLC

AI Summary

  • Issue: The audit package for the federal programs was submitted late, missing the March 31, 2023 deadline.
  • Requirements Impacted: Timely submission of the audit package and data collection form is required within 30 days of the auditor's report or 9 months post fiscal year-end.
  • Recommended Follow-Up: Train Finance Department staff for timely audit analyses and implement a financial statement close checklist to prevent future delays.

Finding Text

Finding 2022-001 – Late Filing of the Single Audit Federal Assistance Listing Number Name of Federal Program 10.555 Lunch Program 10.553 Breakfast Program 10.559 Summer Food Service Program 10.582 Fresh Fruit and Vegetable Program 10.649 Pandemic EBT Administrative Costs Criteria or Specific Requirement The audit package and the data collection form shall be submitted 30 days after receipt of the auditors’ report, or 9 months after the end of the fiscal year, which would be March 31, 2023 for the June 30, 2022 audit. Condition The Congregation did not submit the audit package and data collection form by the due date. Questioned Costs None Context The audit package and the data collection form were submitted after the March 31, 2023 deadline. Cause The financial statement audit was not completed timely due to management being unable to provide analyses to the auditors on a timely basis. Effect As a result of the delay in the financial statement audit, the submission of the audit package and the data collection form was delayed. Identification of a Repeat Finding No Recommendation We recommend that management train staff in the Finance Department to improve the timeliness of the completion of audit analyses. In addition, the Finance Department should implement a comprehensive financial statement close checklist to ensure the timely closing of the financial statements. Views of Responsible Officials See Corrective Action Plan

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $1.26M
10.553 School Breakfast Program $702,480
10.559 Summer Food Service Program for Children $658,518
10.582 Fresh Fruit and Vegetable Program $141,178
10.649 Pandemic Ebt Administrative Costs $1,803