Summary of Financial Statement Audit and Management Assurances
Table 1. – Summary of Financial Statement Audit
Summary of Financial Statement Audit
| Audit Opinion |
Unqualified |
| Restatement |
No |
| Material Weaknesses |
Beginning Balance |
New |
Resolved |
Consolidated |
Ending Balance |
| NONE |
0 |
0 |
0 |
0 |
0 |
| Total Material Weaknesses |
0 |
0 |
0 |
0 |
0 |
Table 2. – Summary of Management Assurances
Effectiveness of Internal Control over Financial Reporting (FMFIA § 2)
| Statement of Assurance |
Unqualified |
| Material Weaknesses |
Beginning Balance |
New |
Resolved |
Consolidated |
Reassessed |
Ending Balance |
| NONE |
0 |
0 |
0 |
0 |
0 |
0 |
| Total Material Weaknesses |
0 |
0 |
0 |
0 |
0 |
0 |
Effectiveness of Internal Control over Operations (FMFIA § 2)
| Statement of Assurance |
Unqualified |
| Material Weaknesses |
Beginning Balance |
New |
Resolved |
Consolidated |
Reassessed |
Ending Balance |
| NONE |
0 |
0 |
0 |
0 |
0 |
0 |
| Total Material Weaknesses |
0 |
0 |
0 |
0 |
0 |
0 |
Conformance with Financial Management System Requirements (FMFIA § 4)
| Statement of Assurance |
Systems conform to financial system management requirements |
| Non-Conformances |
Beginning Balance |
New |
Resolved |
Consolidated |
Reassessed |
Ending Balance |
| NONE |
0 |
0 |
0 |
0 |
0 |
0 |
| Total Non-conformances |
0 |
0 |
0 |
0 |
0 |
0 |
Compliance with Federal Financial Management Improvement Act (FFMIA)
| |
Agency |
Auditor |
| Overall Substantial Compliance |
Yes |
Yes |
| 1. System Requirements |
Yes |
Yes |
| 2. Accounting Standards |
Yes |
Yes |
| 3. USSGL at Transaction Level |
Yes |
Yes |
Last Modified: 01/14/2011 10:59:26
