Fiscal Year 2004 RMAFCIC Audit Lessons Learned

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Fiscal Year 2004 RMA-FCIC Audit Lessons Learned

• Presented byMichael Drewel

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Communication

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Levels of Communication

• RMA Administrator CFO (WDC)
• RMA FMS (KCMO)
• USDA OCFO (WDC NO)
• Deloitte Touche (DT) IPA
• Insurance Audit Team (KCMO)
• Federal Government Audit Team (WDC)
• IT Audit Team (KCMO)
• OIG (WDC KCMO)

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Improve Communication

• Bi-weekly Status Meetings with all parties
• Involve RMA Administrator at crisis points of
  Audit to ensure cooperation
• Utilize available resources
• RMA CFO
• OCFO
• OIG
• DT
• Other USDA Agencies

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Improve Communication

• Require Updated PBC Listing from Auditors

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Statement of Financing

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Statement of Financing Material Weakness for 2003
FY Restatement

• Problem
• Lack of Knowledge in Budgetary-Proprietary
  Relationships
• Non-SGL Compliant System
• SOF does not crosswalk directly from SGL

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SOF Material Weakness Resolution

• Treasury Training Session
• Working Session with OIG
• Reconcile 1st Quarter SOF
• Document Manual Entries

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SOF Material Weakness Resolution

• Develop Detailed Procedures
• Develop Detailed Crosswalk
• Test Procedures and Crosswalk in 2nd Quarter
• Working Session with OIG DT Scheduled