EIN: 581406628
UEI: W85LR2HMVMF5
Audited by: Forvis Mazars
Oversight agency: 11 [Department of Commerce]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 26, 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 July 26, 2026 (43 days ago).
What is a management decision? →FAC accepted this audit on November 11, 2024 — management decision was due May 11, 2025.
Internal Controls over Financial Reporting Condition During our audit of the consolidated financial statements as of June 30, 2024, management notified Forvis Mazars that there was an error in the presentation of certain contracts in fiscal year 2023 as they related to ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”), resulting in the revision of the June 30, 2023 consolidated financial statements. We noted that the Organization reviewed its contracts and identified the error, however controls in place at the time were unable to identify this error. Criteria Management is responsible for establishing the internal control system in the Organization and management is responsible for monitoring and ensuring established internal controls over the Organization are properly executed. Effect This weakness in controls has the potential for misclassification of revenue contracts to exist and not be detected. Recommendation We recommend management implements controls to review contracts in accordance with ASC 606 on a periodic basis to ensure adherence with U.S. GAAP. Views of Responsible Officials Management agrees with the finding. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Internal Controls over Financial Reporting Condition During our audit of the consolidated financial statements as of June 30, 2024, management notified Forvis Mazars that there was an error in the presentation of certain contracts in fiscal year 2023 as they related to ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”), resulting in the revision of the June 30, 2023 consolidated financial statements. We noted that the Organization reviewed its contracts and identified the error, however controls in place at the time were unable to identify this error. Criteria Management is responsible for establishing the internal control system in the Organization and management is responsible for monitoring and ensuring established internal controls over the Organization are properly executed. Effect This weakness in controls has the potential for misclassification of revenue contracts to exist and not be detected. Recommendation We recommend management implements controls to review contracts in accordance with ASC 606 on a periodic basis to ensure adherence with U.S. GAAP. Views of Responsible Officials Management agrees with the finding. See Corrective Action Plan.
Name of Contact Person: Sarah Taylor, CFO Corrective Action: The Organization agrees that a significant deficiency exists regarding internal controls over financial reporting related to the revision to the fiscal year 2023 consolidated financial statements for a gross vs. net presentation error related to ASC 606. The Organization identified the error in the current year review of revenue contracts in accordance with ASC 606, and informed Forvis Mazars of the presentation error. As part of the corrective action plan, Management continually assesses existing and new contracts with ASC 606 and has implemented policies and procedures surrounding the adherence to GAAP accounting requirements. Implementation Date: July 1, 2023
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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