The U.S. Equal Employment Opportunity Commission
EEOC Performance and Accountability Report FY 2004

Washington, D.C. 20507

Office of
Inspector General

November 15, 2005


TO: Cari M. Dominguez
FROM: Aletha L. Brown
Inspector General
Signature of Aletha L. Brown
SUBJECT: Audit of the Equal Employment Opportunity Commission's Fiscal Year 2005 and 2004 Financial Statements (OIG Report No. 2005-09-FIN)

The Office of Inspector General (OIG) contracted with the independent certified public accounting firm of Cotton and Company LLP to audit the financial statements of the U.S. Equal Employment Opportunity Commission (EEOC) for fiscal years 2005 and 2004. The contract required that the audit be done in accordance with U.S. generally accepted government auditing standards; Office of Management and Budget's Bulletin 01-02, Audit Requirements for the Federal Financial Statements, and the Government Accountability Office/President's Council on Integrity and Efficiency's Financial Audit Manual.

Cotton and Company LLP issued an unqualified opinion on EEOC's FY 2005 and 2004 financial statements. In its Report on Internal Control, Cotton and Company LLP noted that the material weakness relating to quality assurance over the financial reporting process which was included in the FY 2004 audit report was resolved before the preparation of this year's statements. Cotton and Company LLP also reported that EEOC's financial management systems substantially complied with the requirements of the Federal Financial Management Improvement Act of 1996 (FFMIA), and found no reportable noncompliance with laws and regulations it tested.

In connection with the contract, OIG reviewed the Cotton and Company LLP report and related documentation and inquired of its representatives. OIG's review disclosed no instances where Cotton and Company LLP did not comply, in all material respects, with generally accepted government auditing standards. Our review, as differentiated from an audit in accordance with U.S. generally accepted government auditing standards, was not intended to enable us to express, and we do not express, opinions on EEOC's financial statements or conclusions about the effectiveness of internal controls or on whether EEOC's financial management systems substantially complied with FFMIA; or conclusions on compliance with laws and regulations. Cotton and Company LLP is responsible for the attached auditor's repost dated November 2, 2005 and the conclusions expressed in the report.

Leonora Guarraia
Jeffrey A. Smith
Germaine Roseboro
Monica Summitt
Nicholas Inzeo
Peggy Mastroianni

This page was last modified on December 2, 2005

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