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GSA Management Assurances

STATEMENT OF ASSURANCE

The U.S. General Services Administration’s management is responsible for establishing and maintaining effective internal control and financial management systems that meet the objectives of the Federal Managers’ Financial Integrity Act of 1982 (FMFIA). GSA conducted its assessment of the effectiveness of internal control over operations and compliance with applicable laws and regulations in accordance with Office of Management and Budget (OMB) Circular A-123, Management’s Responsibility for Internal Control. Based on the results of this evaluation, GSA can provide reasonable assurance that internal control over the effectiveness and efficiency of operations and compliance with applicable laws and regulations met the objectives of FMFIA and no material weaknesses were found in the design or operation of the internal controls as of September 30, 2011.

Successful implementation of the GSA internal control program ensures that programs are managed efficiently and effectively while deterring waste, fraud, abuse and mismanagement. In FY 2011, GSA performed full internal control assessments of many of its programs, including risk analysis and risk assessments. These reviews combined with management’s assessment of internal controls allow GSA to provide reasonable assurance that the key accountability objectives are being met and that significant risks are adequately mitigated for all GSA programs.

GSA conducted its assessment of the effectiveness of internal control over financial reporting in accordance with Appendix A of OMB Circular A-123. Based on the results of this assessment, GSA can provide reasonable assurance that internal controls over financial reporting as of September 30, 2011 were operating effectively and no material weaknesses were found in the design or operation of the internal controls over financial reporting.

The Federal Financial Management Improvement Act of 1996 (FFMIA) requires agencies to implement and maintain financial management systems that are substantially in compliance with federal financial management systems requirements, federal accounting standards promulgated by the Federal Accounting Standards Advisory Board (FASAB), and the U.S. Standard General Ledger (USSGL) at the transaction level. In addition, OMB Circular A-127, Financial Management Systems, requires agencies to implement and maintain financial management systems that are substantially in compliance with federal financial management systems requirements, federal accounting standards, and the USSGL. GSA assessed its degree of substantial compliance by utilizing the FFMIA Risk Model. GSA financial management systems were found to be substantially in compliance with FFMIA as of September 30, 2011.

Signature of Martha Johnson.

Martha Johnson
Administrator
November 9, 2011

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2011 AFR PDF