| Text of Recommendation | The Railroad Retirement Board Bureau of Fiscal Operations should develop and implement effective controls, including a quality assurance process, necessary to ensure: (a) accounting and reporting are in accordance with U.S. Generally Accepted Accounting Principles and financial information is presented in compliance with Office of Management and Budget Circular A-136, Financial Reporting Requirements; (b) account balances are accurate as of and through the reporting period; (c) the proper validation, review, and approval over financial reporting and Performance and Accountability Report compilation.
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| Recommendation Number | 8 |
| Recommendation Status | Open |
| Significant Recommendation | No |
| Recommendation Questioned Costs | $0 |
| Recommendation Funds for Better Use | $0 |
| Additional Information | Management does not concur with this recommendation. This recommendation remains open because the Office of Inspector General for the Railroad Retirement Board continues to see the need for the recommended corrective action. |
| Submitting OIG | |
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| Linked Report |