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U.S. Environmental Protection Agency	11-2-0699
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\ Office of Inspector General
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At a Glance
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Catalyst for Improving the Environment
Why We Performed These
Agreed-Upon Procedures
We performed agreed-upon
procedures on the U.S.
Environmental Protection
Agency's (EPA's) Fiscal Year
(FY) 2011 Third Quarter
Financial Statements. We did
so to assist EPA in evaluating
whether its quarterly financial
statements were compiled
consistently with the Treasury
United States Standard General
Ledger Crosswalk, and to
identify significant fluctuations
in financial line item balances
from the previous year.
Background
Agencies submit unaudited
interim financial statements to
the Office of Management and
Budget 21 days after the end of
each of the first three quarters
of the fiscal year. Comparative
interim financial statements are
limited to a Balance Sheet,
Statement of Net Costs, and
Statement of Budgetary
Resources.
For further information,
contact our Office of
Congressional, Public Affairs
and Management at
(202) 566-2391.
The full report is at:
www.epa.aov/oia/reports/2011/
20110923-11 -2-0699.pdf
Agreed-Upon Procedures on EPA's Fiscal Year 2011
Third Quarter Financial Statements
What We Found
We performed certain agreed-upon procedures on the Agency's FY 2011 Third
Quarter Financial Statements. We compared the statements with EPA's
crosswalk, recomputed them for mathematical accuracy, and compared them with
balances separately generated by us.
Below are the results of our performance of the agreed-upon procedures:
•	The financial statements generated by the Office of Inspector General
agreed with EPA's FY 2011 Third Quarter Financial Statements for the
Consolidated Balance Sheet, Consolidated Statements of Net Cost, Net
Cost by Goal, Consolidating Statement of Changes in Net Position
(including Earmarked Funds), Combined Statement of Budgetary
Resources, and Statement of Custodial Activity.
•	The Agency identified 13 fluctuations in its financial statements and
submitted them to the Office of Management and Budget. Our analysis
identified 12 additional significant variances.
•	We found that EPA's Treasury Symbols were in compliance with
Statement of Federal Financial Accounting Standards 27.
•	We found that the on-top entry to record child agency balances agreed
with the child trial balance support.
•	We found that the Agency properly reversed the FY 2010 on-tops in
FY 2011.
•	The elimination and consolidation entries appear reasonable and
complete.
•	No differences were found in the comparison of the FY 2011 beginning
balances to the FY 2010 ending balances.
The agreed-upon procedures do not constitute an audit of the quarterly financial
statements or any part thereof, the objective of which would be the expression of
an opinion on the quarterly financial statements or any part thereof.

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