Asylee Women Enterprise, Inc.Non-Profit

Condition: Form SF-SAC Data Collection Form for Reporting on Audits of States, Local Governments, Indian Tribes, Institutions of Higher Education and Nonprofit report was filed late for fiscal year ending December 31, 2023. Criteria: The SF-SAC form is due the earlier of nine (9) months after the organization's year end or thirty (30) days after delivery of the financial statements. Cause: Delays in obtaining sufficient information caused the form to be filed late. Effect: Teh late filing of the SF-SAC caused the subsequent audit to be a non low-risk audit. Recommendation: The SF-SAC form shoudl be filed the earlier of nine (9) months after the organization's year end or thirty (30) days after delivery of the financial statements. Views of Responsible Officials and Planned Corrective Actions: The Organization is aware that the SF-SAC form shoudl be filed the earlier of nine (9) months after the Organization's year end or thirty (30) days after delivery of the financial statements. The SF-SAC for fiscal year ending December 31, 2024, was filed the earlier of none (9) months after the organization's year end.

Condition: The Organization's Schedule of Expenditures of Federal Awards (SEFA) inaccurately presented the federal expenditures for the federal awards. The Organization's SEFA was prepared of of September 30, 2023 and not their fiscal year, December 31, 2023. Criteria: Internal controls should be in place to provide reasonable assurance that the SEFA is prepared in accordance with the Uniform Guidance. The Uniform Guidance, at 2 CFR section 200.508(b), requires the Organization to prepare appropriate financial statements, including the SEFA. Cause: A reconciliation to the related expenditures from federal awards was not performed and would have identified the noted misstatement of the SEFA. Effect: Lack of effective controls in place over the financial reporting function increases the risk of misstatements, fraud, or errors occurring and not being detected and corrected in a timely manner. Recommendation: The Organization should have effective internal controls in place to ensure that the SEFA is accurately prepared and reconciles to the related revenues and expenses recorded in the financial statements.