GSA Management Assurances
Statement of Assurance
The U.S. General Services Administration 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.
GSA conducted its assessment of internal controls over the effectiveness and efficiency of operations and compliance with applicable laws and regulations in accordance with OMB Circular A-123, Management’s Responsibility for Internal Control. Based on the results of this evaluation, GSA provides reasonable assurance that its management internal controls over the effectiveness and efficiency of operations and compliance with applicable laws and regulations were operating effectively in their design and operation as of September 30, 2015.
GSA conducted its limited-scope assessment of the effectiveness of internal controls over financial reporting, which includes the safeguarding of assets and compliance with applicable laws and regulations, in accordance with the requirements of OMB Circular A-123 Appendix A. Based on the results of this assessment, GSA provides reasonable assurance that internal controls over financial reporting were operating effectively as of September 30, 2015.
GSA initiated a transfer of its Financial Management Line of Business and successfully transitioned Phase I support on March 22, 2015 to the United States Department of Agriculture. As we fully complete this transition, GSA will further review our controls and transition plans. GSA management acknowledges performance challenges exist in its administration of the Army Child Care Program although this issue does not materially affect the Agency’s financial statements.
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, and the U.S. Standard General Ledger (USSGL) at the transaction level. In addition, OMB Circular A-123 Appendix D 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 substantially comply with FFMIA as of September 2015.
Denise Turner Roth
November 10, 2015