FY21 Financial Statement Audit

Submitting OIG:

Report Description:

Reporting Required by Government Auditing Standards section is solely to describe the scope of our testing of internal control and compliance with selected provisions of applicable laws, regulations.

Date Issued:

Tuesday, March 8, 2022

Agency Reviewed / Investigated:

Appalachian Regional Commission

Submitting OIG-Specific Report Number:

OIG Rpt 22-08

Location(s):

Washington, DC

United States

Type of Report:

Audit

Questioned Costs:

Funds for Better Use:

Number of Recommendations:

View Document:

Attachment	Size
OIG-22-08-Financial-Audit.pdf	996.17 KB

Related Open Recommendations

Recommendation Number	Recommendation Status	Significant Recommendation
3	Open	Yes
Design and implement policies and procedures to have the reviewer of the financial statements and note disclosures review for completeness, accuracy, and compliance with financial reporting requirements.
5	Open	Yes
Design and implement policies and procedures to ensure the account balances, line items, and all corresponding balances agree to the agency’s financial system.
6	Open	Yes
Subsequent to the review process, ARC management should ensure that all reviews are thoroughly documented.

Recommendation Number

Recommendation Status

Significant Recommendation

Additional Details

Open

Yes

Design and implement policies and procedures to have the reviewer of the financial statements and note disclosures review for completeness, accuracy, and compliance with financial reporting requirements.

Open

Yes

Design and implement policies and procedures to ensure the account balances, line items, and all corresponding balances agree to the agency’s financial system.

Open

Yes