FCC FY 20 Report Claims Progress Tackling IT, Says USF Accounting Good
One significant deficiency found in the FCC's FY 2019 auditor's report on USF budgetary accounting has been corrected, but the other, on information technology controls at the FCC and Universal Service Administrative Co., will take more time to fix, the…
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agency said in its FY 2020 financial report Monday. It said it "worked diligently in FY 2020" on corrective action plans for the IT controls, "but more remains to correct this issue." It said it "will make every effort in FY 2021 to implement corrective action plans." The report includes an audit of agency financial statements by Kearney & Co., hired by the FCC Office of Inspector General (OIG). The report said that aside from the FY '19 deficiencies, there were "no reportable instances of noncompliance with laws, regulations and contracts applicable to FCC." The OIG made a series of recommendations, including USF contributions reform, adequate E-rate program controls and supporting rural hospital and healthcare providers during the pandemic "without creating gaps in controls that increase the risks for conflicts of interests, fraud and abuse."