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Summary of Financial Statement Audit and Management Assurances

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FY 2007 Financial Report
Bureau of Resource Management
November 2007
Report

Summary of Financial Statement Audit

Summary Of Financial Statement Audit
Audit Opinion: Disclaimer
Restatement: No
MATERIAL WEAKNESSES BEGINNING BALANCE NEW RESOLVED ENDING BALANCE
Management of Unliquidated Obligations 0 1 0 1
Accounting for Personal Property 0 1 0 1
Total Material Weaknesses 0 2 0 2

 

Summary of Management Assurances

EFFECTIVENESS OF INTERNAL CONTROL OVER FINANCIAL REPORTING (FMFIA ? 2)
Statement of Assurance: qualified
MATERIAL WEAKNESSES BEGINNING BALANCE NEW RESOLVED CONSOLIDATED REASSESSED ENDING BALANCE
Management of Unliquidated Obligations 0 1 0 0 0 1
Total Material Weaknesses 0 1 0 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
Management of Unliquidated Obligations 0 1 0 0 0 1
Total Material Weaknesses 0 1 0 0 0 1

CONFORMANCE WITH FINANCIAL MANAGEMENT SYSTEM REQUIREMENTS (FMFIA ? 4)
Statement of Assurance: qualified

COMPLIANCE WITH FEDERAL FINANCIAL MANAGEMENT IMPROVEMENT ACT (FFMIA)
  AGENCY AUDITOR
Overall Substantial Compliance Yes No
1. System Requirements Yes No
2. Accounting Standards Yes No
3. USSGL at Transaction Level Yes Yes

 

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