As described in this report’s section called Departmental Governance, the Department tracks audit material weaknesses as well as other requirements of the Federal Manager’s Financial Integrity Act of 1982 (FMFIA). Below is management’s summary of these matters as required by OMB Circular A-136.
| Audit Opinion: | Unqualified | |||||
|---|---|---|---|---|---|---|
| Restatement: | No | |||||
| MATERIAL WEAKNESSES | BEGINNING BALANCE | NEW | RESOLVED | CONSOLIDATED | REASSESSED | ENDING BALANCE |
| Management of Unliquidated Obligations | 1 | 0 | 1 | 0 | 0 | 0 |
| Accounting for Personal Property | 1 | 0 | 1 | 0 | 0 | 0 |
| Total Material Weaknesses | 2 | 0 | 2 | 0 | 0 | 0 |
| Statement of Assurance: | Unqualified | |||||
|---|---|---|---|---|---|---|
| MATERIAL WEAKNESSES | BEGINNING BALANCE | NEW | RESOLVED | CONSOLIDATED | REASSESSED | ENDING BALANCE |
| Management of Unliquidated Obligations | 1 | 0 | 1 | 0 | 0 | 0 |
| Total Material Weaknesses | 1 | 0 | 1 | 0 | 0 | 0 |
| Statement of Assurance: | Unqualified | |||||
|---|---|---|---|---|---|---|
| MATERIAL WEAKNESSES | BEGINNING BALANCE | NEW | RESOLVED | CONSOLIDATED | REASSESSED | ENDING BALANCE |
| Management of Unliquidated Obligations | 1 | 0 | 1 | 0 | 0 | 0 |
| Total Material Weaknesses | 1 | 0 | 1 | 0 | 0 | 0 |
| Statement of Assurance: | Systems conform to financial system management requirements | |||||
|---|---|---|---|---|---|---|
| MATERIAL WEAKNESSES | BEGINNING BALANCE | NEW | RESOLVED | CONSOLIDATED | REASSESSED | ENDING BALANCE |
| Total Non-conformances | 1 | 0 | 1 | 0 | 0 | 0 |
| AGENCY | AUDITOR | |
|---|---|---|
| Overall Substantial Compliance | Yes | No |
| 1. System Requirements | Yes | No |
| 2. Accounting Standards | Yes | Yes |
| 3. USSGL at Transaction Level | Yes | Yes |
DEFINITION OF TERMS
Beginning Balance: The beginning balance shall agree with the ending balance of material weaknesses from the prior year.
New: the total number of material weaknesses that have been identified during the current year.
Resolved: The total number of material weaknesses that have dropped below the level of materiality in the current year.
Consolidation: The combining of two or more findings.
Reassessed: The removal of any finding not attributable to corrective actions (e.g., management has re-evaluated and determined a material weakness does not meet the criteria for materiality or is redefined as more correctly classified under another heading (e.g., section 2 to a section 4 and vice versa).
Ending Balance: The agency’s year-end balance.
