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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Pension Benefit Guaranty Corporation
Audit of the Effectiveness of PBGC’s Governance of Internal Control
We reviewed the effectiveness of PBGC’s governance of internal control, with emphasis on the entity-wide risk assessment and resulting impact on PBGC’s internal control testing according to applicable laws, regulations and guidance. We found information and communication within PBGC’s internal control framework could be improved if the Internal Control Committee’s responsibilities were clarified and fulfilled. We further found that opportunities exist to improve PBGC’s process for conducting risk assessments and using the results. Finally, opportunities exist to improve PBGC’s processes regarding the preparation of the annual assurance statements over internal control.PBGC agreed to take actions on all recommendations by November 2017.
Attention to U.S. Chemical Safety and Hazard Investigation Board (CSB) management challenges could result in stronger results and protection for the public, and increased confidence in management integrity and accountability.
