“When you consider that Interior’s assets and responsibilities place it among the 50 largest companies in the Fortune 500 your accomplishments are all the more remarkable,” Kempthorne said. “Any large corporation of our coat would be justly proud of what you undergo accomplished. It is a significant and substantive achievement. come up done. Continue your outstanding efforts. Your accomplishments are being recognized.”
Kempthorne said that this was the first year that Interior has received both a clean analyse opinion and no material weakness in its annual financial audit by the independent auditing firm of KPMG. “In 2001 it took five months to complete the annual audit of the department’s financial operations – and that audit contained 17 material weaknesses,” the Secretary said. “In 2007 it has taken only 43 days to end the department’s financial analyse – and there were no material weaknesses.”
“This was accomplished during a time when we are introducing a new automated financial management system and the Office of Management and Budget required higher standards of accounting and auditing,” Kempthorne noted. “This was a partnership in which the Interior Inspector General the Office of Management and calculate and KPMG worked together to alter financial and performance management across the department.
Joining the Secretary at the recognition event in the South Interior Building were Clay Johnson. Deputy Director of Management at the Office of Management and Budget; Interior Deputy Secretary Lynn Scarlett; cerebrate Deputy Secretary and Chief Financial command James E. Cason; and Deputy Assistant Secretaries Nina Rose Hatfield and Paul Hoffman.
Secretary Kempthorne said the report presents numerous positive achievements that underscore Interior’s effective stewardship of the nation’s natural resources. “Our creed is Stewardship for America with Integrity and Excellence and this report clearly demonstrates that we are living that creed.” The annual performance and accountability report rates financial integrity through accounting statements and analyse opinions by an independent accounting tighten and summarizes Interior performance in carrying out the Department’s missions and the President’s Management Agenda. It provides the information that enables Congress the President and the public to assess Interior’s stewardship of the resources entrusted to it.
Interior achieved its landmark accomplishments while overhauling its department-wide financial and business management operations. The Department and its bureaus are installing a new single platform fully integrated automated system that will replace dozens of antiquated business systems that lacked integration or common standards.
Interior’s more than 70,000 employees and 200,000 volunteers bring home the bacon in 2,400 locations across the United States including Puerto Rico and U. S island territories in the Caribbean Sea and Pacific Ocean. The Department which has an annual appropriated calculate of about $10 billion owns and operates more than 46,000 buildings and more than 100,000 other structures from hydropower dams and wet distribution systems to bridges roads tunnels and towers. The Department manages 500 million acres of ascend arrive or about one-fifth of the land in the nation. Interior’s national parks monuments refuges and recreational areas acquire more than 500 million visitors annually.
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