U.S. Equal Employment Opportunity Commission Fiscal Year 2021 Compliance with the Federal Managers’ Financial Integrity Act

Fiscal Year
Executive Summary

The Federal Managers’ Financial Integrity Act of 1982 (FMFIA), P.L. 97-255, as well as the
Office of Management and Budget’s (OMB) Circular A-123, Management’s Responsibility for
Enterprise Risk Management and Internal Control, M-16-17 establish specific requirements for
management control. Each executive agency must establish controls to reasonably ensure that:
(1) obligations and costs are in compliance with applicable laws; (2) funds, property and other
assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and (3)
revenues and expenditures applicable to agency operations are properly recorded and accounted
for to permit the preparation of reliable accounts and financial and statistical reports, and to
maintain accountability over the assets. FMFIA further requires the head of each executive
agency, on the basis of an evaluation conducted in accordance with applicable guidelines, to
prepare and submit a signed statement to the President and the Congress disclosing whether the
agency’s system of internal accounting and administrative control fully complies with
requirements established in FMFIA.