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Department of Commerce Performance and Accountability Report
Fiscal Year 2007

Management Discussion and Analysis

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Report on Audit Follow-up

 

The Inspector General Act, as amended, requires that the Secretary report to Congress on the final action taken for Inspector General audits. This report covers Commerce Department audit follow-up activities for the period June 1, 2006, through May 31, 2007.

SUMMARY OF ACTIVITY ON AUDIT REPORTS
JUNE 1, 2006 THROUGH MAY 31, 2007
  DISALLOWED COSTS 1 FUNDS TO BE PUT TO
BETTER USE 2		 NONMONETARY
REPORTS 3		 TOTAL
  Number of
Reports		 Dollars Number of
Reports		 Dollars Number of
Reports		 Reports
Beginning Balance 54 $13,359,832  19 $25,266,418  19  92
New Reports 30   2,145,069  19   4,215,765  15  64
Total Reports 84 15,504,901 38 29,482,183 34 156
Reports Closed (29)  (6,712,154) (19) (19,095,372) (23)  (71)
Ending Balance 55 $ 8,792,747  19 $10,386,811  11  85
  1. Disallowed costs are questioned costs that management has sustained or agreed should not be charged to the government. (back)
  2. “Funds to be put to better use” refers to any management action to implement recommendations where funds should be applied to a more efficient use. (back)
  3. Includes management, contract, grant, loan, and financial statement audits with nonmonetary recommendations. (back)

 
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