Management Letter for the Audit of United States Mint’s Financial Statements for Fiscal Year 2025

Title Full

OIG-26-022 FINANCIAL MANAGEMENT: Management Letter for the Audit of United States Mint’s Financial Statements for Fiscal Year 2025

Date Issued

Thursday, February 26, 2026

Submitting OIG

Department of the Treasury OIG

Agencies Reviewed/Investigated

Department of the Treasury

Report Number

OIG-26-022

Report Type

Audit

Agency Wide

Yes

Questioned Costs

Funds for Better Use

Report updated under NDAA 5274

Open Recommendations

This report has 5 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
1-1	Yes	$0	$0
Mint management should reinforce and monitor the policy related to access removal within five business days of termination for terminated personnel to be able to hold individuals responsible for effective disabling access timely.
2-1	Yes	$0	$0
Mint management should ensure that Oracle transaction postings are suspended during API counts. Additionally, management should reinforce the review of the proper description on the Inventory Adjustment Document form to ensure that all adjustments are accurately documented.
3-1	Yes	$0	$0
Mint management should monitor the effectiveness of the journal entry review control to ensure thorough review of manual journal entry data elements are posted correctly in Oracle. Additionally, Mint management should work with ARC to train and develop individuals to understand journal entry Oracle posting responsibilities.
4-1	Yes	$0	$0
Mint management should ensure a thorough review of the obligations classified as "de-obligate" is performed to verify that the obligation is de-obligated timely. Additionally, we recommend that Mint management continue to work towards implementing corrective actions to remediate control deficiencies over the open obligation quarterly control process.
5-1	Yes	$0	$0
Mint management should design and implement controls to ensure inventory hedging balances reconcile to supporting documentation.