As those of you who read our Semiannual Report (SAR) know, the Office of Inspector General (OIG) at the Tennessee Valley Authority (TVA) selects a theme for each SAR and this SAR is no different. Our theme for this edition is "Navigating Risk." In many ways, our theme for every SAR could be about risk as this is the heart of our work and what drives our audit plan every year. This is the first edition of our SAR devoted to the topic of risks, but it will not be our last. Hopefully, you will see why.In this semiannual period, our audit, inspection, and investigation activities resulted in almost $16 million in recoveries, fines/penalties, waste, potential savings, questioned costs, or funds which could be put to better use, as well as numerous recommendations to help TVA become better and recognize areas where additional controls may be necessary to adequately control risks.
Report File
Title Full
Navigating Risk
Date Issued
Submitting OIG
Tennessee Valley Authority OIG
Other Participating OIGs
Tennessee Valley Authority OIG
Agencies Reviewed/Investigated
Tennessee Valley Authority
Report Description
Report Type
Semiannual Report
SARC Start Date
SARC End Date
Agency Wide
Yes
Questioned Costs
$0
Funds for Better Use
$0