The audit resulted in an adverse opinion due to significant departures from generally accounting principles and federal reporting requirements, including material misstatements and omissions in the Commission’s financial statements and footnotes. The misstatements and omissions were material and pervasive, and included the failure to record accounts payable accrual and accurately record other accrued liabilities, which materially misstated the Commission’s beginning and ending balances, and the omission of uncorrected errors in required footnotes.
Friday, December 13, 2019
Agency Reviewed / Investigated:
Type of Report:
Number of Recommendations:
|FY 2019 U.S. AbilityOne Commission Financial Statement Audit (Report No. 20-02).pdf||357.14 KB|