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Secretary of Labor Thomas E. Perez
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ANNUAL REPORT FY 2002

Improve the Accuracy of Benefit and Assistance Payments:

  • Finalized new Unemployment Insurance (UI) payments accuracy performance measure including baseline and goals.
  • Issued program letter to States soliciting comments on a common definition of overpayments and options for a new performance measure on UI payments accuracy.

Integrate budget and performance to support day-to-day operations:

  • Continued enhancements to the Department’s financial data warehouse (FDS). The OCFO developed the FDS to enhance DOL fiscal operations at the agency and program levels by improving the delivery of timely, accurate, useful information to financial and program managers.
  • Developed and successfully implemented a new payroll system in cooperation with the Office of the Assistant Secretary for Administration and Management (OASAM). The new system was integrated with DOL’s Human Resources system.
  • Developing improved managerial cost accounting capability Department-wide.

Financial Statement Audit Findings Under the Chief Financial Officers Act (CFOA)

The following table provides a statistical summary of open audit findings as required under the Chief Financial Officers Act.

The Chief Financial Officers Act prescribed the compilation and audit of annual financial statements. In addition to expressing an opinion in the audit on the fair presentation of the principal financial statements, the Department’s OIG has other reporting responsibilities under Standards issued by the American Institute of Certified Public Accountants and OMB Bulletin 01-02, Audit Requirements for Federal Financial Statements, including the identification of:

Reportable Conditions: Significant deficiencies in the design or operation of internal controls that could adversely affect the Department’s ability to record, process, summarize, and report financial data.

Material Weaknesses: Reportable conditions that could result in misstatements in amounts that would significantly affect the financial statements. The FY 2002 DOL audit revealed no material weaknesses.

Compliance Issues: Instances of noncompliance with laws and regulations.

Audit Area

FY
1996

FY
1997

FY
1998

FY
1999

FY
2000

FY
2001

FY
2002

Total
Open

Crosscutting Issues:

Accounting for Grants

1

1

 

3

   

1

6

Property and Equipment

     

2

 

4

1

7

Managerial Cost Accounting

           

1

1

Program Specific Issues:

Job Corps Data
Center Operations

         

2

 

2

Unemployment Trust Fund

       

1

2

 

3

Total Open Recommendations

1

1

 

5

2

7

3

19

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