Finding Text
Finding 2022-008: Late Filing of Single Audit. Information on the federal program: Assistance Listing Number 17.268 - H1-B Job Training Grant, U.S. Department of Labor, Employment Training Administration. Award number: HG-34352-20-60-A-53. Compliance requirements: Reporting. Type of finding: Material Noncompliance, Material Weakness. Condition: The single audit was filed late. Effect or potential effect: Granting agencies and the general public are deprived of timely audit results. Cause: Books and records were not reconciled and made available for audit in a timely manner. Criteria: Uniform Guidance 2 CFR 200.507(c)(1) requires the audit to be completed and the reporting required to be submitted within the earlier of 30 calendar days after receipt of the auditor’s report, or nine months after the end of the audit period. Context: The completion of the audit was delayed due to improper policies and procedures, errors in the general ledger that were discovered during initial audit procedures, and unreconciled account balances. Questioned costs: None. Recommendations: We recommend management file their audit with the single audit clearing house timely. We recommend management implement policies and procedures to ensure the books and records are closed timely leaving enough time for the audit to be completed by the deadline. Views of the responsible officials and planned corrective actions: All federal grant revenue will be tracked with specific coding to ensure that AJAC Directors are aware of revenue accruals as they relate to the minimum thresholds for Single Audits and in a manner that allows for timely filing of future audits to the Single Audit Clearing House.