FY 2024 Independent Auditors' Report on DOL's Consolidated Financial Statements

Date Issued

Thursday, November 14, 2024

Submitting OIG

Department of Labor OIG

Agencies Reviewed/Investigated

Department of Labor

Report Number

22-25-002-13-001

Report Type

Audit

Special Projects

Pandemic

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

Report updated under NDAA 5274

External Link

Open Recommendations

This report has 3 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
001	Yes	$0	$0
We recommend that the Deputy Chief Financial Officer and the Principal Deputy Assistant Secretary for Employment and Training design and implement controls over their respective estimates to ensure management's review of the estimates are performed at a sufficient level of detail, and includes the review of the methodology, relevance and reliability of the underlying data, and assumptions used to develop the estimates.
002	Yes	$0	$0
We recommend that the Deputy Chief Financial Officer and the Principal Deputy Assistant Secretary for Employment and Training maintain documentation of the reviews performed to assess the reasonableness of the methodology, underlying data, and assumptions used to develop the estimates that is sufficiently detailed to evidence the specific items reviewed, analysis performed, and conclusions reached.
003	Yes	$0	$0
We recommend that the Deputy Chief Financial Officer and the Principal Deputy Assistant Secretary for Employment and Training update Department of Labor's policies and procedures to provide sufficient details on the performance of the reconciliation of the State Workforce Agencies monthly financial summary report to the general ledger, including the required level of precision.