At a Glance Agreed-Upon Procedures on EPA's Fiscal Year 2009 Third Quarter Financial Statements


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U.S. Environmental Protection Agency
Office of Inspector General
At a Glance
09-2-0247
September 24, 2009
Catalyst for Improving the Environment
Why We Performed These
Agreed-Upon Procedures
We performed agreed-upon
procedures on the U.S.
Environmental Protection
Agency (EPA) Fiscal Year (FY)
2009 Third Quarter Financial
Statements. We did so to assist
EPA in evaluating whether its
quarterly Financial Statements
were compiled consistent 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. Agencies should
include management's
explanation of significant
variances in types or amounts of
assets, liabilities, costs, revenues,
obligations, and outlays, along
with the submitted statements.
Agreed-Upon Procedures on EPA's Fiscal Year 2009
Third Quarter Financial Statements
What We Found
We performed certain agreed-upon procedures on the Agency's FY 2009
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, and concluded that the amounts
agreed.
During the first and second quarters of the Agreed-Upon Procedures, we
identified a difference between the FY 2009 Report of General Ledger Balance
by Treasury Symbol beginning balances and FY 2008 ending balances in
general ledger account 4201, Total Actual Resources. The net difference of
$43,627 was the result of account 4165, Allocation of Authority - Anticipated,
incorrectly closing to account 4201 instead of to account 4450, Authority
Available for Apportionment. The Agency made an adjustment in the third
quarter to correct the error.
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.
For further information, contact
our Office of Congressional,
Public Affairs and Management at
(202) 566-2391.
To view the full report, click on the
following link:
www.epa.aov/oia/reports/2009/
20090924-09-2-0247.pdf

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