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Commodity Credit Corporation's Financial Statements for Fiscal Years 2015 and 2014

Report Information

Date Issued
Report Number:
Report Type
Commodity Credit Corporation
Commodity Credit Corporation
Joint Report
Agency Wide
Yes (agency-wide)
Questioned Costs
Funds for Better Use


Accounting for Recoveries of Prior Year Unpaid Obligations and Obligations - Implement the necessary functionality within the financial management systems to automatically deobligate undelivered orders at the time of payment.

Funds Control - Continue the implementation of automated funds control of all obligations and expenditures at the transaction level within the core financial system. Further, implement necessary compensating controls until such automated controls are fully implemented.

We recommend that management implement the recommendations presented in Exhibit I, to resolve the instances of noncompliance with FFMIA.