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Audit of AmeriCorps' FY2025 Consolidated Financial Statements

Date Issued
Report Number
OIG-AR-26-01
Report Type
Audit
Description
Independent auditors have declined to issue an opinion on AmeriCorps’ financial statements for the ninth year. They issued a disclaimer of opinion reporting 11 material weaknesses and two significant deficiencies and added three new recommendations. The auditors, however, verified that AmeriCorps took appropriate actions to close 5 of the 77 prior year recommendations. As a result of this audit, there are now 75 open recommendations. All eleven of the material weaknesses are recurring, three of them since FY 2017, five since FY 2018, one since FY 2021, and two since FY 2022. AmeriCorps included in its Annual Management Report a Statement of No Assurance, acknowledging that its system of internal controls does not currently provide the necessary level of assurance towards the effectiveness of internal control over operations, reporting, and compliance. This is the sixth consecutive year that AmeriCorps has issued a No Assurance statement.  AmeriCorps acknowledged the disclaimer of opinion and expressed concurrence to eight material weaknesses and two significant deficiencies. However, AmeriCorps did not concur with three material weaknesses. AmeriCorps did not specify which material weaknesses it agreed or disagreed with in its response to the report. AmeriCorps’ response is included in its entirety in Exhibit D of the audit report. The 75 recommendations will remain open until corrective actions have been fully implemented.
Joint Report
No
Agency Wide
Yes
Questioned Costs
$0
Funds for Better Use
$0
View report on Oversight.gov

Open Recommendations

Body

Revise the AmeriCorps Grants Accrual (IBNR & Advance) SOP, dated September 2024, and Grant Accrual Survey and Lookback Analysis Policy, dated August 15, 2024, and Record-to-Report End-to-End Narrative Version 2.0, dated March 7, 2025, to address:
a. Validating and documenting the accuracy of the grantee survey data provided in support of the grant accrual validation.
b. Procedures for identifying and documenting AmeriCorps’ internal control objective in terms of materiality risk.
c. Procedures to confirm the validation process met AmeriCorps’ internal control objective. If it does not meet the internal control objective, then determine the cause and corrective action to address it next year.

Body

We recommend that the AmeriCorps Chief Information Security Officer, in coordination with the eSPAN and Momentum system owners, implement processes to:
a. ensure user access is documented and approved; and
b. validate that the monthly eSPAN and Momentum recertifications are completed and documented.

Body

We recommend that the eSPAN System Owner ensure eSPAN accounts are disabled for separated personnel within one working day following termination actions as required by AmeriCorps’ policy.