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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, 2005, through May 31, 2006.

SUMMARY OF ACTIVITY ON AUDIT REPORTS
JUNE 1, 2005 THROUGH MAY 31, 2006
  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 57 $18,329,344  30 $58,800,020  16 103
New Reports 24   1,488,685   6    948,555 29  59
Total Reports 81 19,818,029 36 59,748,575 45 162
Reports Closed (27)  (6,458,197) (17) (34,482,157) (26)  (70)
Ending Balance 54 $13,359,832  19 $25,266,418  19  92
  1. Disallowed costs are questioned costs that management has sustained or agreed should not be charged to the government. The beginning balance (reports and dollars) of disallowed costs reflects an adjustment since the last reporting period. (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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