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Office of Audit
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The Assistant Inspector General for Audit (AIG/A) is responsible for supervising
auditing activities relating to Treasury programs and operations.
The Office of Audit conducts or oversees the conduct
of program audits, financial statement audits,
information technology audits, contract audits,
attestation engagements, and non-audit services. The
purpose of these types of work is to improve the quality, reduce the cost, and increase the integrity of Treasury's operations. The work of the Office is conducted in
compliance with the standards and guidelines established
by the Comptroller General of the United States, the
President's Council on Integrity and Efficiency (PCIE),
and other professional organizations.
The AIG/A has two deputies—one for Program Audit and the
other for Financial Management and Information
Technology.
In addition to its authorized FTE , the Office of Audit
uses Independent Public Accounting (IPA) firms under
contract to perform the financial statement audits of
Treasury and most of its bureaus / activities, pursuant
to the Chief Financial Officer (CFO) Act, the Government
Management Reform Act (GMRA), and other statutes.
Under the management and direction of the Deputy
Assistant Inspector General for Program Audit are
two headquarters Directors of Audit and two field office
Directors of Audit. The headquarters Directors of Audit
are responsible for program audits performed by
Washington, D.C., staff as well as coordinating audit
planning for their assigned functional areas to ensure
that audits of highest priority are included in the
annual plan. The functional areas of the headquarters
Directors are described below:
- Director, Banking and Fiscal Service Audits,
provides nationwide leadership for program audits of
Office of the Comptroller of the Currency (OCC),
Office of Thrift Supervision (OTS), Community Development
Financial Institution (CDFI) Fund, Office of Foreign
Assets Control (OFAC), Financial Crimes Enforcement
Network (FinCEN), Office of Terrorism Financing and
Financial Crime, other banking-related Treasury
components, Financial Management Service (FMS), and
Bureau of the Public Debt (BPD). The Director is also
responsible for managing OIG's responsibilities under the
Single Audit Act.
- Director, Manufacturing, Procurement, Revenue and
Departmental Offices Audits, provides nationwide
leadership for program audits of the Alcohol and Tobacco
Tax and Trade Bureau (TTB), Bureau of Engraving &
Printing (BEP), the Mint, and Treasury’s Departmental
Offices, as well as for program audits of procurement
activities at all Treasury bureaus and offices, except
for the Internal Revenue Service (IRS). The Director is
also responsible for managing the OIG's contract audit
function.
The two field Directors of Audit are
directly responsible for all audit work of Treasury
bureaus within their respective geographic locations.
They are secondarily responsible for planning and leading
national audits of certain Treasury bureaus and
functions, as follows:
- Director, Eastern Field Audit Office, plans and
leads national audits of the operations in all Treasury
bureaus, except the IRS, with a concentration of work in
TTB, FinCEN, and OFAC.
- Director, Western Field Audit Office, plans and leads
national audits of the operations in all Treasury
bureaus, except the IRS, with a concentration of work in
OCC, OTS, and FinCEN.
Under the management and direction of the Deputy
Assistant Inspector General for Financial Management and
Information Technology are two Directors of Audit. The
Directors are responsible for audits performed by
Washington, D.C., staff and for oversight of work
performed by contracted IPA firms. Also, they are
responsible for planning the audits in their assigned
functional areas to ensure that audits of highest
priority are included in the annual plan. The functional
areas of the Directors are described below:
- Director, Financial Audits, is responsible for
performing or providing contractor oversight for the
annual audit of the Department's consolidated financial
statements pursuant to the CFO Act and GMRA, and
performing or providing contractor oversight for audits
of other components or activities that are
required to be audited by other statutes or regulations.
The Director coordinates with the U.S. General Accounting Office (GAO) with respect to its audits of IRS and the
Public Debt, as the IRS and the Public Debt accounts are
included in the Department's consolidated financial
statements.
- Director, Information Technology Audits, conducts
or provides oversight for contracted audits and
evaluations of the security, acquisition, use, and
disposal of computer resources / systems, as well as the
overall management of information technology as a capital and managerial asset of the Department. The audits and
evaluations are performed to determine whether the
systems are effective, efficient, productive, and
economical; contain adequate safeguards to protect the
data integrity and data processing; consistently support
Treasury needs; and are developed and operated in
accordance with all applicable policies, standards, and
procedures.
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