ML20149H952
| ML20149H952 | |
| Person / Time | |
|---|---|
| Issue date: | 12/19/1994 |
| From: | David Williams NRC OFFICE OF THE INSPECTOR GENERAL (OIG) |
| To: | De Planque E, Selin I, The Chairman NRC COMMISSION (OCM) |
| Shared Package | |
| ML20149H913 | List: |
| References | |
| NUDOCS 9501040116 | |
| Download: ML20149H952 (2) | |
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NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20665 e a s *****
December 19,1994 OFFICE OF THE INSPECTOR GENERAL MEMORANDUM TO: The Chairman Commissioner Rogers Commissioner de Planque FROM:
bnu-David C. Williams Inspector General
SUBJECT:
REVIEW OF NRC'S IMPLEMENTATION OF THE FEDERAL MANAGERS' FINANCIAL INTEGRITY ACT FOR 1994 The Federal Managers' Financial Integrity Act (FMFIA) requires Federal managers to establish a continuous process for evaluating, improving, and reporting on the internal control and I accounting systems for which they are responsible. The FMFIA specifies that by December 31 of each year, the head of each executive agency subject to the Act shall submit a report to the President and Congress stating whether the evaluation cf internal controls was conducted in l
accordance with the Internal Control Guidelines issued by the Office of Management and Budget (OMB) and whether the agency's system of internal accounting and administrative controls complies with the standards established by the Comptroller General.
OMB Circular A-123, Revised, " Internal Control Systems" provides that an agency's Inspector General or senior audit official may advise the head of the agency on whether the agency's internal control and accounting systems evaluation process was conducted in accordance with OMB guidelines. Accordingly, the Office of the Inspector General (OIG) has performed a review of the process used by the U.S. Nuclear Regulatory Commission (NRC) to evaluate its internal control and accounting systems. This review provides the OIG with a basis for advising the Chairman whether the agency has conducted the internal control evaluation process in a reasonable and prudent manner.
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