Inspector General Open Recommendations
11/15/2017 - Department of Homeland Security Independent Auditors' Report on DHS' FY 2017 Financial Statements and Internal Control over Financial Reporting Audit - Open Recommendations
We recommend that USSS establish new, or improve existing, policies, procedures, and related internal controls over the valuation of its pension liability to ensure: a) personnel adequately understand the pension estimate; b) management maintains oversight of assumptions used in significant estimates and routinely evaluates continued appropriateness of those assumptions; c) management completes the annual pension checklist; and d) management reviews the underlying census data at least annually.
We recommend that Coast Guard improve and reinforce existing policies, procedures, and related internal controls to ensure that: a) management adequately researches, supports, and reviews all journal entries and adjusting entries prior to recording in the general ledger; b) management records approved on top adjustment entries in the correct underlying general ledger systems in order to generate accurate beginning balances; c) personnel record transactions to the accurate trading partner upon initiation; reconcile all intragovernmental balances with trading partners; and resolve differences in a timely manner; and d) management enhances documentation of their actuarial liability estimate reviews and refines their review of the actuarial liabilities report, underlying data, and assumptions to include precise reconciliations and thresholds.
Related to the Entry Process: We recommend that CBP update and redistribute guidance to necessary personnel regarding the appropriate CBP directives to ensure consistent performance of controls across all locations and provide training to all personnel on new policies to ensure consistent implementation at decentralized locations.