Fiscal Years 2014 and 2013 Closing Package Financial Statements, U.S. Department of Education

The auditors found that the Department’s FY 2014 Closing Package Financial Statements were presented in accordance with generally accepted accounting principles. The report noted the issues identified in the Department’s and FSA’s financial statements and the need for the Department and FSA to mitigate the persistent information technology control deficiencies and their noncompliance with the timing requirements of the Digital Accountability and Transparency Act of 2014.