15-01, Audit of the Corporation for National and Community Services Fiscal Year 2014 Financial Statements

Audit of the Corporation for National and Community Services Fiscal Year 2014 Financial Statements

Audit of the Corporation’s Financial Statements found the statements presented fairly the financial position of the Corporation as of September 30, 2014 and 2013.

The auditors also identified two significant deficiencies and one instance of noncompliance with the Federal Information Security Management Act.

Significant Deficiencies:
 

  1. Integrity Assurance Program - The Corporation does not yet have a fully functioning internal control monitoring process in place to determine the effectiveness of internal controls and support management’s required annual assurance statement under the Federal Managers Financial Integrity Act.
  2. Information Technology – The Corporation’s information technology internal control structure did not support a sound internal control environment in five categories: security management, access controls, configuration management, segregation of duties, and contingency planning.