Report 2015-001-FIN - Financial Statement Audit Report - FY-2015

Fiscal Year
Executive Summary

The Office of Inspector General (OIG) contracted with the independent certified public accounting firm of Harper, Rains, Knight and Company, P.A (HRK) to audit the
financial statements of the U.S. Equal Employment Opportunity Commission (EEOC) for fiscal year 2015. The contract required that the audit be done in accordance with
U.S. generally accepted government auditing standards(GAGAS) contained in Government Auditing Standards issued by the Comptroller General of the United States
and Office of Management and Budget (OMB) Bulletin 15-02, Audit Requirements for Federal Financial Statements, as amended.

HRK reported that EEOC’s fiscal year 2015 financial statements and notes were fairly presented, in all material respects, in accordance with accounting principles generally
accepted in the United States of America. In regard to Internal Control over Financial Reporting, HRK noted one (1) material weakness relating to the lack of sufficient
controls over financial management. Additionally, the lack of sufficient controls over supporting documentation for personnel expenses was identified as a significant
deficiency. HRK noted no instances of non compliance or other matters that were required to be reported under Government Auditing Standards or OMB Bulletin 15-02.

In connection with the contract, OIG reviewed HRK’s report and related documentation and inquired of its representatives. Our review, as differentiated from an audit in
accordance with GAGAS, 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 whether EEOC’s financial management systems substantially complied with Federal Financial Management Improvement Act (FFMIA); or
conclusions on compliance with laws and regulations. HRK is responsible for the attached auditor’s report dated November 16, 2015, and the conclusions expressed in
the report. However, OIG’s review disclosed no instances where HRK did not comply, in all material respects, with generally accepted government auditing standards.
EEOC management was given the opportunity to review the draft report and to provide comments. Management comments are included in the report.

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