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.