Navigating Risk – Challenges in Maintaining Financial Health

Submitting OIG:

Tennessee Valley Authority OIG

Date Issued:

Thursday, May 30, 2013

SARC Start Date:

Monday, October 1, 2012

SARC End Date:

Sunday, March 31, 2013

Agency Reviewed / Investigated:

Tennessee Valley Authority

Submitting OIG-Specific Report Number:

SAR54

Location:

Agency-Wide

Type of Report (Audit, Inspection / Evaluation, Review, etc.):

Semiannual Report

Questioned Costs:

$1,262,349

Funds for Better Use:

Number of Recommendations:

View Document:

Attachment	Size
semi54.pdf	3.45 MB

Related Open Recommendations

No Recommendations found for this Report.

Tennessee Valley Authority OIG

Tennessee Valley Authority

Over the past 30 years, OIG reviews have focused on helping TVA improve the efficiency and effectiveness of TVA operations, save or recover money, and serve as a deterrent to misconduct and fraud. While the results from some reviews are diffcult to quantify, the results impacted many areas of TVA including: (1) improving key business processes; (2) improving governance functions and regulatory activities; (3) improving the protection of critical infrastructure and privacy information; and (4) improving the effectiveness of risk mitigation activities on areas of high risk. Even without a monetary value attached, these reviews provide information to help TVA operate in the most efficient manner and avoid losses from risks that are not properly mitigated. In addition, much of our reviews, primarily in the contract compliance audits and contract preaward reviews and certain investigations, have helped TVA recover and save substantial money.

http://oig.tva.gov/

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Navigating Risk – Challenges in Maintaining Financial Health

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