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Audit of the Assets Forfeiture Fund and Seized Asset Deposit Fund Annual Financial Statements Fiscal Year 2022

Submitting OIG:

Department of Justice OIG

Date Issued:

Tuesday, March 7, 2023

Agency Reviewed / Investigated:

Department of Justice

Submitting OIG-Specific Report Number:

23-036

Component, if applicable:

Other DOJ Components

Location(s):

Agency-Wide

Type of Report:

Audit

Questioned Costs:

$0

Funds for Better Use:

$0

Number of Recommendations:

4

View Document:

Attachment	Size
23-036.pdf	1.56 MB

Related Open Recommendations

Recommendation Number	Recommendation Status	Significant Recommendation	Additional Details
1	Open	No	https://oig.justice.gov/reports
Finalize and implement its Asset Forfeiture Financial Management Guide to clarify accounting requirements for Asset Forfeiture Program participants to adhere to timely data input to Consolidated Asset Tracking System, including forfeiture decisions that directly impact there cognition of revenue and seizures of assets, and the accounting requirements for there porting of transactions in the Adjustments column of Note 7, Forfeited and Seized Property, Net. (Updated)
2	Open	No	https://oig.justice.gov/reports
Develop new and/or enhance existing process controls for participating agencies and monitoring controls within the Asset Forfeiture Management Staff to ensure participating agencies accurately and timely record forfeiture and seizure transactions. (Updated)
4	Open	No	https://oig.justice.gov/reports
Enhance existing processes to analyze potential delayed seizure records, and formally document the evaluation results to include a consideration of materiality and the impact on the current and prior period financial statements. (New)