Finding Text
Criteria: Auditees who receive federal funding at the Single Audit level are required to submit their audits to the Federal Audit Clearinghouse within thirty calendar days after receipt of the audit report or nine months after the end of the audit period, whichever comes first. Condition: The Organization's audit for the fiscal year ending June 30, 2023 was not completed and submitted to the Federal Audit Clearinghouse within the required timeframe. Effect: The Organization is not in compliance with the terms of their agreements for federal funding. Cause: The Organization was unable to close its books and timely prepare for an audit. Recommendation: The Organization should consider opportunities to accelerate the process of audit preparation. Views of responsible officials and planned corrective actions: The Organization agrees with this finding and will take appropriate action to insure the books are closed timely and audit is completed within before the required due date.