Answer: The financial audit for the year ending June 30, 2023, was not completed on time due to issues in the financial closing process.
Trend: This delay indicates a recurring problem with the financial closing process that could affect future audits.
List: Follow up by reviewing and improving the financial closing procedures to ensure timely audits in the future.
Finding Text
Due to the ineffective financial closing process, the Organization did not complete its financial audit within nine months of its fiscal year end for the year ended June 30, 2023.