Submitting OIG:
Report Description:
The Department received a clean opinion on its FY 2012 and FY 2011 special-purpose financial statements. However, like the other financial statement audits, the audit reports included a material weakness related to controls surrounding the Department’s Debt Management Collection System and ACS Education Servicing System, and significant deficiencies related to controls surrounding the credit reform estimation processes and information systems. In addition, the Department’s review procedures failed to identify errors in the reclassified financial statements and in the intergovernmental balances reported.
Date Issued:
Friday, November 16, 2012
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
A17M0003
Component, if applicable:
Office of Chief Financial Officer
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
1
View Document:
Attachment | Size |
---|---|
a17m0003.pdf | 3.05 MB |
Additional Details Link: