The independent public accounting firm of Allmond & Company, LLC, under contract with the Office of Inspector General, audited the EAC’s financial statements for the fiscal year ended September 30, 2025.
Open Recommendations
| Recommendation Number | Significant Recommendation | Recommended Questioned Costs | Recommended Funds for Better Use | Additional Details | |
|---|---|---|---|---|---|
| 1 | No | $0 | $0 | ||
| Ensure that the updated OMB Circular A-136 is utilized when preparing and reviewing the financial statements and footnote disclosures. | |||||
| 2 | No | $0 | $0 | ||
| Design and implement policies and procedures to have the reviewer of the financial statements and note disclosures thoroughly review for completeness, accuracy, and compliance with financial reporting requirements. | |||||
| 3 | No | $0 | $0 | ||
| Implement a certification sheet detailing the EAC financial statements and note disclosures reviewer(s), and the date of the review(s). Ensure that the certification sheet is appropriately signed. | |||||
| 5 | No | $0 | $0 | ||
| Develop, document and implement standard operating procedures over the property, plant and equipment process including an independent reconciliation of the amounts recorded in the general ledger to the Property records maintained by the EAC. | |||||