Report Summary

Audit of VA's Consolidated Financial Statements for Fiscal Years 2008 and 2007

Report Number 08-00870-24, 11/17/2008 | Full Report (PDF)

The Office of Inspector General (OIG) contracted with the independent public accounting firm, Deloitte & Touche LLP (Deloitte), to perform the audit os VA's FY 2008 and 2007 consolidated financial statements. Deloitte provided an unqualified opinion on those statements reported three material weaknesses, all of which are repeat conditions from the prior year's audit. They are (1) financial management system functionality, (2) information technology security controls, and (3) financial mangement oversight. VA corrected a fourth material weakness, retention of computer generated detail records in Benefit Delivery Network (BDN) system, that Deloitte reported last year. Deloitte reported that VA is not substantial complaince with the Federal Financial Management Improvement Act (FFMIA) of 1996 because VA did not substantially comply with Federal financial management systems requirements. Deloitte also identified Antideficiency Act reported by the Secretary to the President of the United States and Director of the Office of Management and Budget in 2008 related to activity in fiscal year 2007.

12/10/08