Fiscal Year 2016 Financial Statement Audit Letter to Management

Date Issued

Thursday, February 16, 2017

Submitting OIG

Railroad Retirement Board OIG

Other Participating OIGs

Railroad Retirement Board OIG

Agencies Reviewed/Investigated

Railroad Retirement Board

Report Number

17-03

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

Open Recommendations

This report has 2 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use	Additional Details
17-032	No	$0	$0	Management does not concur with this recommendation. This recommendation remains open because the Office of Inspector General for the Railroad Retirement Board continues to see the need for the recommended corrective action.
The Executive Committee should direct Railroad Retirement Board management to elevate Railroad Retirement Board - Office of Inspector General auditor concerns regarding application of authoritative guidance and laws and regulations for Executive Committee determinations when Railroad Retirement Board management disagrees with Railroad Retirement Board - Office of Inspector General auditor assessments.
17-033	No	$0	$0	Management does not concur with this recommendation. This recommendation remains open because the Office of Inspector General for the Railroad Retirement Board continues to see the need for the recommended corrective action.
The Executive Committee should develop and implement Executive Committee procedures for enforcement of Railroad Retirement Board management responsibilities when Railroad Retirement Board management does not take appropriate corrective actions in regard to the application of authoritative guidance and laws and regulations.