2001 - Audit Report

U.S. Department of Labor
Office of Inspector General
Office of Audit

IMPLEMENTATION OF DOL'S MANAGERIAL COST ACCOUNTING PROCESS

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Implementation of Managerial
Cost Accounting

The Chief Financial Officer (CFO) is charged with implementing a departmental managerial cost accounting (MCA) process in which an agency's costs of operation will be linked to the results of its performance. While implementation of MCA is an evolving agency-by-agency project, it is anticipated that, once operational, it will become an integral component of management's decision making and performance-reporting processes.

The OIG conducted a review to evaluate CFO compliance with applicable laws and regulations regarding its implementation of MCA. To date, CFO efforts have been largely related to marketing and promoting awareness of the benefits of MCA. While some DOL agencies have completed pilot projects, others, most notably ETA and ESA, have not made any real progress toward implementation. Notwithstanding, in our opinion, the CFO has made progress in this area. The OIG recommended that the CFO update its MCA implementation plan, develop detailed documentation for the pilot cost accounting models, and develop a definitive implementation timetable for each agency. The CFO concurred with our recommendations.

(OA Report No. 22-01-012-13-001, issued March 27, 2001)

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