Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Report File
Date Issued
Submitting OIG
Consumer Product Safety Commission OIG
Other Participating OIGs
Consumer Product Safety Commission OIG
Agencies Reviewed/Investigated
Consumer Product Safety Commission
Report Number
24-A-02
Report Description

The audit was performed under a contract with, and monitored by, the Office of Inspector General (OIG), in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and applicable provisions of Office of Management and Budget (OMB) Bulletin No. 24-01, Audit Requirements for Federal Financial Statements.

Report Type
Audit
Agency Wide
Yes
Number of Recommendations
16
Questioned Costs
$0
Funds for Better Use
$0

Open Recommendations

This report has 6 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
1 Yes $0 $0

Perform an assessment of employee resources in the Office of Financial Management, Planning, and Evaluation, and other relevant financial process areas to ensure an appropriate complement of resources are in place to manage accounting and reporting matters as they arise and through their normal course of business.

2 Yes $0 $0

Provide training and supervision for personnel on financial management matters that affect the financial statements, including adhering to accounting policies and procedures, as appropriate, and performing key internal control functions in support of financial reporting.

3 No $0 $0

Develop desktop manuals to assist new personnel in meeting their assigned responsibilities.

4 Yes $0 $0

Improve the risk assessment process at the financial statement assertion and process level to ensure that CPSC management is appropriately capturing significant changes in the control environment and subsequently responding to those risks.

5 Yes $0 $0

Implement key monitoring controls over the financial reporting process and develop robust policies and procedures to increase oversight, review, and accountability of accounting events at the process level to ensure the successful implementation of an effective internal control environment.

15 No $0 $0

Design a control to identify, analyze, and respond to risks related to the reporting of pre-paid expenses.

Consumer Product Safety Commission OIG

United States