Summary of Financial Statement Audit and Management AssurancesTable 1. Summary of Financial Statement AuditAudit Opinion: | Unqualified | Restatement: | No |
Material Weaknesses
| Beginning Balance | New | Resolved | Consolidated | Ending Balance |
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Financial Management Systems & Reporting | X | | | | X | Budgetary Accounting | | X | | | X | Departmental Information Systems Controls | X | | | | X | Medicare Claims Processing | | X | | | X | Total Material Weaknesses | 2 | 2 | 0 | 0 | 4 |
Definition of TermsBeginning Balance: The beginning balance shall agree with the ending balance of material weaknesses from the prior year. Resolved: The total number of material weaknesses that have dropped below the level of materiality in the current year. Consolidated: The combining of two or more findings. Reassessed: The removal of any finding not attributable to corrective actions (e.g., management has re-evaluated and determined a material weakness does not meet the criteria for materiality or is redefined as more correctly classified under another heading (e.g., Section 2 to a Section 4 and vice versa). Ending: The agency’s year-end balance. Table 2. Summary of Management AssuranceEffectiveness of Internal Control over Financial Reporting (FMFIA #2)Statement of Assurance: Qualified Material Weaknesses
| Beginning Balance | New | Resolved | Consolidated | Reassessed | Ending Balance |
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Medicare Advantage & Prescription Drug Benefit Payments | X | | X | | | | Financial Systems & Processes | X | | | | | X | Total Material Weaknesses | 2 | 0 | 1 | 0 | 0 | 1 |
Effectiveness of Internal Control over Operations (FMFIA #2)Statement of Assurance: Qualified Material Weaknesses
| Beginning Balance | New | Resolved | Consolidated | Reassessed | Ending Balance |
---|
Medicare Electronic Data Processing Operations | X | | | X | | | Oversight and Management of Information System Controls | | X | | | | X | Total Material Weaknesses | 1 | 1 | 0 | 1 | 0 | 1 |
Conformance with financial management system requirements (FMFIA #4)Statement of Assurance: Nonconformance Non-Conformances | Beginning Balance | New | Resolved | Consolidated | Reassessed | Ending Balance |
---|
Financial Systems & Processes | X | | | | | X | Medicare Electronic Data Processing Operations | X | | | X | | | Oversight and Management of Information System Controls | | X | | | | X | Total Non-Conformances | 2 | 1 | 0 | 1 | 0 | 2 |
Compliance with Federal Financial Management Improvement Act (FFMIA)
Overall Substantial Compliance:
1. System Requirements: No
2. Accounting Standards: Yes 3. USSGL at Transaction Level: No
AFR Section III Links:
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