Finding Text
Condition - AIDs Resource Foundation for Children, Inc. failed ot file its single audit report with the federal clearing by the required due date-the earlier of 30 calendar daus after the reciept of the auditor's report, or nine months after the end of the period under audit. The single audit report for the year ended June 30,, 2023, was required to b e completed and filed by March 31, 2024l however, the audit was not completed. Citeria - Per 2 CFR 910.512 (a)(1), the the audit must be completed, and the reporting package must be submitted within the earlier of 30 calendar days after the reciept od the auditor;s report, or nine months after the end of the audit period.; Cause; Teh Agency did not timely close out its books and records and administer the audit in a timely manner to permit timely finling.; Effect or Potential effect; Lateness in reporting could result oin current information not being provided to federl agencies timely and potential impacts on grant funding. ; Recommendation - We recommend that AIDS Resource Foundation for Children, Inc. , establish procedures and controls to ensure the accounting records are closed out timely and ensure required audits are scheduled and performed timely. Management response- We plan on staring the June 2024 audit by December 1, 2024, which should give us enough time to complete the Uniform Guidance audit by MArch 31, 2025. Planned Implentation Date of Corrective Action; Octover 2024