EIN: 474830465
UEI: C2JGC2DSNJX9
Audited by: KellyVitaleRaffol, LLC
Oversight agency: 11 [Department of Commerce]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 30, 2026. 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 September 30, 2026 (22 days from today).
What is a management decision? →FAC accepted this audit on March 21, 2025 — management decision was due September 21, 2025.
FAC accepted this audit on March 1, 2024 — management decision was due September 1, 2024.
FAC accepted this audit on March 28, 2023 — management decision was due September 28, 2023.
During our testing of twenty-five cash disbursement transactions, we noted three instances totaling $1,132 that AFFOA did not record the expenses in their proper year. Cause: During fiscal year 2022, AFFOA experienced turnover within their finance department. Accordingly, AFFOA?s internal controls and processes were not performed in a timely manner. Questioned Costs: None Recommendation: AFFOA should develop and implement policies and controls for monitoring year-end transactions as well as funding from the Federal and state governments to identify, document and track accurate expenditures for each year. The development and utilization of these controls and polices will reduce the risk of noncompliance as well as the risk that financial statements could be materially misstated. Repeated finding: No Management?s Response: We concur with the recommendation, particularly as it pertains to credit card transactions. During the current fiscal year, we have increased training and provide weekly reminders to all AFFOA employees that expense reports, including those related to credit card purchases, are to be submitted to accounting in a timely manner (within 30 days of travel). In addition, we are reconciling the ?Clearing? account monthly. This account bridges the credit card payments and the employees? expense reports. With a monthly reconciliation of this account, we are better able to follow up with employees with overdue expense reports, and we will have a precise basis for any necessary accruals related to credit card purchases at year-end.
Show full finding ▾Hide full finding ▴Significant Deficiency: Finding 2022-001 Information on the Federal program: The finding relates to Federal funds received from the U.S Department of Defense, for fiscal year 2022, under the Research and Development Cluster, Assistance Listing Number 12.630, relating to cost principles compliance requirement. Criteria: Government Auditing Standards require agencies to have internal controls in place to ensure all transactions are properly recorded in the correct year. Condition: During our testing of twenty-five cash disbursement transactions, we noted three instances totaling $1,132 that AFFOA did not record the expenses in their proper year. Cause: During fiscal year 2022, AFFOA experienced turnover within their finance department. Accordingly, AFFOA?s internal controls and processes were not performed in a timely manner. Questioned Costs: None Recommendation: AFFOA should develop and implement policies and controls for monitoring year-end transactions as well as funding from the Federal and state governments to identify, document and track accurate expenditures for each year. The development and utilization of these controls and polices will reduce the risk of noncompliance as well as the risk that financial statements could be materially misstated. Repeated finding: No Management?s Response: We concur with the recommendation, particularly as it pertains to credit card transactions. During the current fiscal year, we have increased training and provide weekly reminders to all AFFOA employees that expense reports, including those related to credit card purchases, are to be submitted to accounting in a timely manner (within 30 days of travel). In addition, we are reconciling the ?Clearing? account monthly. This account bridges the credit card payments and the employees? expense reports. With a monthly reconciliation of this account, we are better able to follow up with employees with overdue expense reports, and we will have a precise basis for any necessary accruals related to credit card purchases at year-end.
3/28/2023 Board of Directors of Advanced Functional Fabrics of America, Inc.: Advanced Functional Fabrics of America, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2022. Name and address of independent public accounting firm: AAFCPAs 160 Federal St. 16th floor Boston, MA 02110 Audit period: July 1, 2021 ? June 30, 2022 The findings from the June 30, 2022, schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS - FINANCIAL STATEMENT AUDIT FINDINGS SIGNIFICANT DEFICIENCY 20X2-001 Recommendation: AFFOA should develop and implement policies and controls for monitoring year end transactions as well as funding from the Federal and state governments to identify, document and track accurate expenditures for each year. Action Taken: We concur with the recommendation, particularly as it pertains to credit card transactions. During the current fiscal year, we have increased training and provide weekly reminders to all AFFOA employees that expense reports, including those related to credit card purchases, are to be submitted to Accounting in a timely manner (within 30 days of travel). In addition, we are reconciling the ?Clearing? account monthly. This account bridges the credit card payments and the employees? expense reports. With a monthly reconciliation of this account, we are better able to follow up with employees with overdue expense reports, and we will have a precise basis for any necessary accruals related to credit card purchases at year-end. If the Board has questions regarding this plan, please call Don Nadreau, CFO, at 603-702-3639. Sincerely yours, Don Nadreau, Chief Financial Officer
FAC accepted this audit on March 22, 2022 — management decision was due September 22, 2022.
FAC accepted this audit on January 18, 2021 — management decision was due July 18, 2021.
FAC accepted this audit on May 12, 2020 — management decision was due November 12, 2020.
FAC accepted this audit on March 24, 2019 — management decision was due September 24, 2019.
FAC accepted this audit on March 11, 2018 — management decision was due September 11, 2018.
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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