The Office of Inspector General issued an audit report on internal control over financial reporting for the Single-Employer and Multiemployer Program Funds administered by the Pension Benefit Guaranty Corporation (PBGC).This report provides a more detailed discussion of the specifics underlying the unmodified opinion on internal control over financial reporting reported in the internal control deficiencies section of the combined Independent Auditor’s Report dated November 15, 2017 (AUD-2018-4/FA-17-119-1). We reported:• Internal control deficiencies in PBGC’s programs and operations that include three significant deficiencies: (1) Controls over the Present Value of Future Benefit (PVFB) Liability, (2) Present Value of Nonrecoverable Future Financial Assistance (PV NRFFA), and (3) Access Controls and Configuration Management.• PBGC strengthened its control environment by implementing management practices to mitigate control deficiencies reported in previous years. Further, management improved its current business processes to address specific financial reporting and information technology control deficiencies. However, management should continue to focus its efforts to resolve outstanding conditions.
| Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
|---|---|---|---|---|---|
| Pension Benefit Guaranty Corporation | Report on Internal Control Related to the Pension Benefit Guaranty Corporation's Fiscal Year 2017 and 2016 Financial Statements Audit | Audit | Agency-Wide | View Report | |
| Department of Defense | Transmittal of the Disclaimer of Opinion on United States Air Force General Fund Schedule of Budgetary Activity for FY 2017 | Audit | Agency-Wide | View Report | |
| National Endowment for the Arts | Office of Inspector General's Evaluation of the National Endowment for the Arts FY 2017 Compliance with FISMA | Inspection / Evaluation | Agency-Wide | View Report | |
| Department of Housing and Urban Development | HUD’s Fiscal years 2017 and 2016 (Restated) Consolidated Financial Statements Audit | Audit | Agency-Wide | View Report | |
| Department of Housing and Urban Development | Interim Memorandum Special Review, Office for the Socioeconomic and Community Development, San Juan, PR, State Block Grant Disaster Recovery Program | Disaster Recovery Report | Agency-Wide | View Report | |
| National Science Foundation | National Science Foundation's Implementation of the Digital Accountability and Transparency Act of 2014 (DATA Act) Performance Audit | Audit |
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View Report | |
| Department of Health & Human Services | Top Management & Performance Challenges Facing HHS | Top Management Challenges | Agency-Wide | View Report | |
| Architect of the Capitol | Audit of FY17 Financial Statements Report | Audit |
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View Report | |
| Department of Defense | External Peer Review on the Defense Contract Audit Agency System Review Report | Review | Agency-Wide | View Report | |
| Environmental Protection Agency | Informe: La Región 2 debe mejorar sus procesos internos relacionados con los acuerdos de asistencia de Puerto Rico | Other | Agency-Wide | View Report | |
