OIG audited USDA’s consolidated financial statements for fiscal years 2020 and 2019.
The Department of Agriculture’s Office of Inspector General audited the consolidated financial statements of the Department for fiscal years 2020 and 2019. We also considered USDA’s internal control over financial reporting and tested USDA’s compliance with certain provisions of applicable laws, regulations, contracts, and grant agreements that could have a direct effect on the determination of material financial statement amounts and disclosures on these consolidated financial statements.
The “Findings” section presents the material weaknesses and significant deficiencies in internal control and instances of noncompliance with laws and regulations, as of and for the year ended September 30, 2020. Exhibit A presents USDA’s response in its entirety.
Our objectives were to determine whether: (1) the consolidated financial statements present
information fairly, in all material respects, and in accordance with generally accepted accounting
principles; (2) internal control structure provides reasonable assurance that the internal control
objectives over financial reporting were met; (3) the Department complies with all material and
applicable laws and regulations; and (4) the Agency Financial Report is materially consistent with
the information in the consolidated financial statements.