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Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Department of the Treasury
Audit of the Department of the Treasury’s Consolidated Financial Statements for Fiscal Years 2014 and 2013
The U.S. Postal Service’s universal service obligation (USO), which establishes what mail services the Postal Service must provide, lacks a clear, comprehensive definition. The current USO is assumed to be a hodgepodge of various legal requirements and regulations that, in most cases, provide only broad guidance. Add in the disruptive and transformative effects of digital communications, which have cut into mail volumes, and it’s clear that the Postal Service USO needs addressing: What exact services do policy makers and the American public – senders as well as receivers – now need the Postal Service to provide? This white paper says that now is the appropriate time to update and clarify the USO.
The auditors found that the Department’s FY 2014 Closing Package Financial Statements were presented in accordance with generally accepted accounting principles. The report noted the issues identified in the Department’s and FSA’s financial statements and the need for the Department and FSA to mitigate the persistent information technology control deficiencies and their noncompliance with the timing requirements of the Digital Accountability and Transparency Act of 2014.
