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Audit of the U.S. AbilityOne Commission’s Financial Statements For Fiscal Year 2020

Report Information

Date Issued
Report Number
2020-02
Report Type
Audit
Description
The auditors determined that for FY2020, the financial statements were fairly presented, in all material respects, in accordance with U.S. generally accepted accounting principles. The independent audit report includes two material weaknesses and three significant deficiencies related to the Commission’s internal control over financial reporting, and one finding related to noncompliance. The auditors made 25 recommendations in the report.
Joint Report
Yes
Participating OIG
U.S. AbilityOne Commission OIG
Agency Wide
Yes (agency-wide)
View report on Oversight.gov

Recommendations

The Commission should continue to implement the actions identified in its corrective action plan relating to employee payroll and benefits, dated September 30, 2020. (Repeat finding from 2019, 2020, 2021 Financial Statement Audit) 2020 Nov 17, 2020

The Independent Public Accounting team determined the implementation was complete, and no further action was needed. Closed as of November 15, 2024.

Continue to implement management’s corrective action plan, including the filling of vacant positions. (Repeat finding from 2020, 2021 Financial Statement Audit)

The Independent Public Accounting team determined the implementation was complete, and no further action was needed. Closed as of November 15, 2024.

The Commission should obtain replacement copies of missing records that have been identified and either provide these documents to the service provider so that the information can be maintained in the e-OPF or consider developing and implementing its own repository of documentation to ease the retrieval and response process (Repeat finding from 2020, 2021 Financial Statement Audit).

The Independent Public Accounting team determined the implementation was complete, and no further action was needed. Closed as of November 15, 2024.<br />
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The Chief Financial Officer or other personnel knowledgeable in accounting and finance should independently verify the amounts recorded for accrued liabilities and examine the entries that the service provider has recorded in its general ledger to ensure it agrees with the information the Commission has provided (Repeat finding from 2020, 2021 Financial Statement Audit

The Independent Public Accounting team determined the implementation was complete, and no further action was needed. Closed as of November 15, 2024.<br />
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