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Commodity Credit Corporation's Financial Statements for Fiscal Years 2020 and 2019

Report Information

Date Issued
Report Number:
Report Type
Commodity Credit Corporation
OIG audited the consolidated financial statements of the Commodity Credit Corporation for fiscal years 2020 and 2019.
Joint Report
Agency Wide
Yes (agency-wide)
Questioned Costs
Funds for Better Use


Update its SOP and provide necessary training related to the review of obligations recorded at year-end.

Continue the design and implementation of effective processes, procedures, and controls to accurately identify those ARC/PLC contracts that are approved at fiscal year-end within CCC's financial systems in order to only obligate activities related to approved contracts.

Implement effective processes, procedures, and controls over the ARC/PLC year-end accrual to ensure the completeness and accuracy of the underlying data.