Office of Financial Management's Management Letter for DHS' Fiscal Year 2016 Financial Statements Audit [open pdf - 1015KB]
From the Highlights: "KPMG [Klynveld Peat Marwick Goerdeler] LLP [limited liability partnership], under contract with the DHS Office of Inspector General, audited the Office of Financial Management's (OFM) financial statements and internal control over financial reporting for FY 2016. The resulting management letter contains four observations related to internal controls and other operational matters which are presented in this report for management's consideration. KPMG LLP noted internal control deficiencies in several processes including financial disclosure reviews; designation of intra-governmental transactions as non-acquisition; reconciliation of unfilled customer order and undelivered order balances; and inadequate review of closing package notes. These deficiencies are not considered significant and were not required to be reported in the 'Independent Auditors' Report on DHS' FY 2016 Financial Statements and Internal Control over Financial Reporting,' dated November 14, 2016, included in the DHS FY 2016 'Agency Financial Report.'"
Department of Homeland Security, Office of Inspector General, Report No. OIG-17-86
Department of Homeland Security, Office of Inspector General: http://www.oig.dhs.gov/