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FY 2021 Independent Auditor's Report on the DOL Financial Statements

Audit · Department of Labor OIG · 2021-11-19 · about Department of Labor

Report

Title
FY 2021 Independent Auditor's Report on the DOL Financial Statements
Submitting OIG
Department of Labor OIG
Component agency
Department of Labor
Type
Audit
Publication date
2021-11-19

Summary

https://www.oig.dol.gov/public/reports/oa/2022/22-22-003-13-001.pdf

Recommendations (5)

#StatusText
1ClosedWe recommend that the Assistant Secretary for Employment and Training develop policies and procedures to coordinate with State Workforce Agencies to obtain the necessary information needed to support related balances and assumptions, and to perform…
2ClosedWe recommend that the Assistant Secretary for Employment and Training amend policies and procedures to provide specific steps to be performed during the reviews and the documentation requirements, which should include the specific items reviewed,…
3ClosedWe recommend that the Assistant Secretary for Employment and Training maintain documentation of the reviews performed to assess the reasonableness of the underlying data, assumptions, and formulas used in the models that is sufficiently detailed to…
4ClosedWe recommend the Acting Chief Financial Officer develop policies and procedures to ensure that the accounting treatment for significant transactions are appropriately researched and documented prior to recording the transaction to the general ledger…
5ClosedWe recommend the Acting Chief Financial Officer enhance management review controls over the amounts that are presented in the notes to the financial statements.

Source

Authoritative
oversight.gov report page
Machine
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