Department of Health and Human Services

Office of Inspector General -- AUDIT

"Report on the Audit of the Public Health Service, Service and Supply Fund for Fiscal Year 1995," (A-17-95-00053)

August 27, 1996

Complete Text of Report is available in PDF format (491 kb). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.

EXECUTIVE SUMMARY:

We audited the statements of financial position of the Public Health Service, Service and Supply Fund (the Fund), a fund within the Department of Health and Human Services, and the related statements of operations and changes in net position (the "Principal Financial Statements") as of and for the years ended September 30, 1995 and 1994. Our audits were performed in accordance with generally accepted auditing standards Government Auditing Standards, issued by the Comptroller General, and Office of Management and Budget (OMB) Bulletin 93-06, "Audit Requirements for Federal Financial Statements" and included related tests of the financial reporting, internal control structure policies and procedures, and of compliance with laws and regulations. Our report on the financial statements and our reports and findings regarding the internal control structure and compliance with laws and regulations follow this summary. This report also includes a description of management's responsibilities, of our responsibilities under the above standards and guidance, and of our methodologies for fulfilling these responsibilities.

In summary, we found:

• The Fund's statements of financial position as of September 30, 1995 and 1994 and the related statements of operations and changes in net position for the years then ended were presented fairly, in all material respects, in conformity with the basis of accounting described in the Summary of Significant Account Policies accompanying the financial statements.
  
• No material internal control weaknesses; however, we noted three reportable conditions described later in this report;
  
• No material noncompliance with the selected provisions of applicable laws and regulations tested; and
  
• No material conflicts with management's report on internal controls prepared under the Federal Managers' Financial Integrity Act of 1982.