The OIG contracted with the independent certified public accounting firm, Allmond & Company, LLC (Allmond), to audit the Commission’s financial statements and related footnotes. Allmond found the financial statements present fairly, in all material respects, the financial position of the Commission as of September 30, 2021 and 2020, and its net costs, changes in net position, and budgetary resources for the fiscal year then ended in accordance with generally accepted accounting principles. Allmond also found one material weakness and four significant deficiencies in internal control over financial reporting, and one reportable noncompliance with applicable provisions of laws, regulations, and contracts tested. The report offers 23 recommendations to help the Commission improve its controls over financial management operations and reporting.
A copy of the report may be found at: https://www.oversight.gov/report/CPPBSD/Audit-US-AbilityOne-Commission%E...