Submitting OIG:
Report Description:
What We Looked At
In accordance with the Government Corporation Control Act of 1945, we audited the financial statements of the Saint Lawrence Seaway Development Corporation (SLSDC), a U.S. Government Corporation, as of and for the years ended September 30, 2018, and September 30, 2017.
What We Found
In our opinion, SLSDC's financial statements present fairly, in all material respects, SLSDC's financial position as of September 30, 2018, and September 30, 2017, and its statements of operations and changes in cumulative results of operations, cash flows, budgetary resources and actual expenses, and changes in equity of the U.S. Government for the years then ended, in accordance with U.S. generally accepted accounting principles. We found no material weaknesses in internal control over financial reporting based on the limited procedures we performed. However, we did identify a significant deficiency. In addition, we found no reportable noncompliance for fiscal year 2018, with provisions of applicable laws, regulations, and contracts we tested.
Recommendations
We made three recommendations to help SLSDC strengthen its controls over property, plant, and equipment reporting.
Date Issued:
Tuesday, November 13, 2018
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
FI2019008
Component, if applicable:
Great Lakes St. Lawrence Seaway Development Corporation
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
3
View Document:
Attachment | Size |
---|---|
OIG%20Report%20on%20SLSDC%20Financial%20Statements%20for%20FY%202018%20and%202017.pdf | 637.29 KB |
Additional Details Link: