Federal Reports

In accordance with the Office of National Drug Control Policy Circular “Accounting of Drug Control Funding and Performance Summary,” we authenticated the Department’s accounting of FY 2014 drug control funds and performance measures for key drug control programs by expressing a conclusion about the reliability of each assertion made in the Department’s accounting report and performance report. Based on our review, nothing came to our attention that caused us to believe that management’s assertions contained in the Department’s detailed accounting report and performance summary report are not fairly stated in all material respects.

The U.S. Postal Service has a corporate brand. Its attributes include reliability, convenience, value, and tradition, among other things. Brand valuation is a management tool increasingly used by successful firms to get the most financial benefit from their brands. But unlike many other businesses and organizations, the Postal Service has never conducted a formal brand valuation, which involves measuring the brand like any other asset and monitoring it over time, using a consistent methodology. The OIG worked with Premier Quantitative Consulting (PQC), experts in brand valuation, to estimate the value of the Postal Service’s brand using an accepted methodology with conservative assumptions. This white paper details the extensive research and analysis as well as PQC’s methodology and model that produced an estimate of the Postal Service’s brand value at $3.6 billion.