Financial Reporting

USPS OIG

 

The Postal Reorganization Act of 1970 requires an annual audit of the Postal Service’s financial statements. The Financial Reporting Directorate plans and conducts audits in support of the BOG’s independent public accountant’s overall opinion on those statements. These audits determine whether the Postal Service fairly presents the financial statements, whether they comply with direct and material laws and regulations, and whether internal controls are in place and effective. The Financial Reporting Directorate conducts these audits at Postal Service Headquarters and the Accounting Service Centers.

In addition, the Financial Reporting Directorate audits Postal Service financial statement amounts in support of the Consolidated Financial Report of the U.S. government, has primary cognizance over OIG's SOX responsibilities, and conducts other financial audits to identify areas for improvement.