Audits

On September 29, we issued a final report on controls over the Delphi Financial Management System operations. OIG hired a CPA firm to perform this review which is required by OMB for agencies designated as Centers of Excellence to provide cross-agency services. The audit concluded that management's description of controls presents fairly, in all material respects, the controls that have been placed in operation as of May 31, 2006. In addition, controls are suitably designed and were operating effectively on 9 out of 10 control objectives during the period from October 1, 2005, through May 31, 2006. This represents a significant improvement from last year.