EIN: 351386694
UEI: KNF3GE6FGRN5
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 21, 2020. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by March 21, 2021 (1985 days ago).
What is a management decision? →The Organization did not prepare financial statements that were free from material misstatements. Criteria: The Organization should carefully identify all provisions of grant agreements that will affect the financial statements and ensure all transactions are properly accounted for and disclosed in accordance with generally accepted accounting principles (GAAP). Cause: Management did not identify certain stipulations and the resulting accounting requirements of an Early Learning Indiana grant awarded that required the funds to be returned if not all expended by the end of the grant period. Effect: A material adjustment to the December 31, 2019 financial statements was necessary to align the terms of the award to the Organization?s financial statements for conformity with GAAP. Recommendation: The Organization should establish controls that ensure the terms of all grant agreements are properly accounted for in the financial statements upon receipt of grant awards.
Show full finding ▾Hide full finding ▴2019-001 PREPARATION OF FINANCIAL STATEMENTS Condition: The Organization did not prepare financial statements that were free from material misstatements. Criteria: The Organization should carefully identify all provisions of grant agreements that will affect the financial statements and ensure all transactions are properly accounted for and disclosed in accordance with generally accepted accounting principles (GAAP). Cause: Management did not identify certain stipulations and the resulting accounting requirements of an Early Learning Indiana grant awarded that required the funds to be returned if not all expended by the end of the grant period. Effect: A material adjustment to the December 31, 2019 financial statements was necessary to align the terms of the award to the Organization?s financial statements for conformity with GAAP. Recommendation: The Organization should establish controls that ensure the terms of all grant agreements are properly accounted for in the financial statements upon receipt of grant awards.
View of Responsible Officials and Planned Corrective Actions: When Right Steps receives a grant, we will immediately review whether the contract states that it?s a refundable grant or not. If it is determined to be a refundable grant, Right Steps will record it as deferred revenue per GAAP. If it is unclear if the grant is refundable, Right Steps will seek guidance from Huth Thompson for proper recording.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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