Skip to main content
Report File
Date Issued
Submitting OIG
AmeriCorps Office of Inspector General
Agencies Reviewed/Investigated
AmeriCorps
Report Number
OIG-AR-25-01
Report Description

Independent auditors have declined to issue an opinion on AmeriCorps’ financial statements for the eighth year. They issued a disclaimer of opinion reporting 11 material weaknesses and two significant deficiencies and added three new recommendations. The auditors, however, verified that AmeriCorps took appropriate actions to close 20 of the 95 prior year recommendations. As a result of this audit, there are now 78 open recommendations.

All eleven of the material weaknesses are recurring, three of them since FY 2017, five since FY 2018, one since FY 2021, and two since FY 2022. AmeriCorps included in its Annual Management Report a Statement of No Assurance, acknowledging that its system of internal controls does not currently provide the necessary level of assurance towards the effectiveness of internal control over operations, reporting, and compliance. This is the fifth consecutive year that AmeriCorps has issued a No Assurance statement.

AmeriCorps acknowledged the disclaimer of opinion and expressed concurrence to six material weaknesses and two significant deficiencies. However, AmeriCorps did not concur with five material weaknesses. AmeriCorps did not specify with which material weaknesses it was in agreement or disagreement in its response to the report. AmeriCorps’ response is included in its entirety in Exhibit IV of the audit report. The 78 recommendations will remain open until corrective actions have been fully implemented.

Report Type
Audit
Agency Wide
Yes
Number of Recommendations
11
Questioned Costs
$0
Funds for Better Use
$0
Report updated under NDAA 5274
No

Open Recommendations

This report has 11 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
1 No $0 $0

Design and implement control activities to ensure all 17 Government Accountability Office Green Book framework principles exist within the internal control program. Corrective actions should be implemented for any principle that operates with deficiencies to identify and remediate the cause(s) of the deficiencies. (Modified Repeat)

2 No $0 $0

Work with AmeriCorps’ Office of General Counsel (OGC) and follow OMB Circular A-11, section 113.10, to determine if there are any potential violations, including violations of the Antideficiency Act. (New)

3 No $0 $0

Complete its internal inquiry related to the overinvestment of the Trust Fund, document the causes and timing, and determine appropriate next steps in coordination with the Office of Inspector General. (New)

4 No $0 $0

Evaluate its fund’s control system to mitigate the risk of overinvesting. (New)

5 No $0 $0

Develop and implement standard operating procedures for analyzing account balances and monitoring significant fluctuations which will allow management to evaluate, document, and approve the reasonableness of balances and detect accounting errors in its financial statements. AmeriCorps should ensure these procedures and the staff responsible for performing, reviewing, and approving the procedures are documented. (Modified Repeat)

6 No $0 $0

Establish policies and procedures that outline the roles and responsibilities of key staff, including those of its service provider, involved in the timely completion of the SF 132 and SF 133 reconciliation. (Modified Repeat)

7 No $0 $0

Develop and implement standard operating procedures for performing, reviewing, and approving a comprehensive reconciliation of the SF 132 and SF 133 and ensure the documentation is reviewed and approved. (Modified Repeat)

8 No $0 $0

Develop and implement performance goals to reduce the reliance of journal entries as a compensating measure. Performance goals should accompany the implementation of internal controls designed to analyze and address the root causes of financial reporting errors between financial management systems. (Modified Repeat)

9 No $0 $0

Coordinate with all functional groups affected by financial system interfacing issues to implement all recommendations related to interfacing issues across financial systems and mitigate the remaining risks identified in the FY 2022 risk assessment. (Modified Repeat)

10 No $0 $0

Conduct monthly reviews of transactions processed in Momentum and migrated to Oracle through interface or reported in Oracle using journal entries to ensure that there are no differences between the systems and that the correct object class codes were applied. (Modified Repeat)

11 No $0 $0

Develop and implement internal controls designed to identify the root causes of all financial system interfacing issues, notify management of compatibility issues between Momentum and Oracle, and mitigate the issue from occurring for future transactions. (Modified Repeat)

AmeriCorps Office of Inspector General