Both the Department and FSA received unqualified (clean) opinions on their FY 2012 and FY 2011 financial statements. However, the audit reports noted a material weakness in internal control surrounding the Department’s Debt Management Collection System and ACS Education Servicing System—the legacy Direct Loan servicing system; found modified repeat deficiencies relating to credit reform estimation, financial reporting processes, and controls surrounding information systems; and reported that the Department’s financial management systems did not substantially comply with certain systems requirements of the Federal Financial Management Improvement Act because of the control weaknesses surrounding information systems. A number of recommendations were made to address the weaknesses identified.
| Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
|---|---|---|---|---|---|
| Department of Education | Financial Statement Audits, Fiscal Years 2012 and 2011, U.S. Department of Education | Audit | Agency-Wide | View Report | |
| Department of Education | Financial Statement Audits, Fiscal Years 2012 and 2011, Federal Student Aid | Audit | Agency-Wide | View Report | |
| Department of Education | Financial Statement Audits, Fiscal Years 2012 and 2011, U.S. Department of Education Special Purpose Financial Statements | Audit | Agency-Wide | View Report | |
| U.S. Postal Service | Opionion on the Postal Service Special-Purpose Financial Statement | Audit | Agency-Wide | View Report | |
| AmeriCorps | Audit of the Corporation for National and Community Service’s (CNCS) Fiscal Year 2012 Consolidated Financial Statements | Audit | Agency-Wide | View Report | |
| AmeriCorps | Audit of the Corporation for National and Community Service’s (CNCS) Fiscal Year 2012 National Service Trust Fund Financial Statements | Audit | Agency-Wide | View Report | |
| Consumer Product Safety Commission | Consumer Product Safety Commission's FY 2012 Financial Statements | Audit | Agency-Wide | View Report | |
| Nuclear Regulatory Commission | Independent Auditors’ Report on the U.S. Nuclear Regulatory Commission’s Special- Purpose Financial Statements as of September 30, 2012 and 2011, and for the Years then Ended | Audit | Agency-Wide | View Report | |
| Department of the Treasury | Audit of the Financial Management Service's Fiscal Years 2012 and 2011 Schedules of Non-Entity Assets, Non-Entity Costs and Custodial Revenue | Audit | Agency-Wide | View Report | |
| Department of the Treasury | Audit of the Financial Management Service's Fiscal Years 2012 and 2011 Schedules of Non-Entity Government-Wide Cash | Audit | Agency-Wide | View Report | |
