doing; what it has accomplished, particularly in relation to prior years and targets; and how it is managing its programs and resources. In many ways, the MD&A represents the most important part of the Report, and thus the portion of the review that receives the most attention. Part D addresses the Financial Section, which is composed of a message from the Chief Financial Officer (which is optional), the the financial statements auditors’ report, and notes, and Required Supplementary Information (RSI) and Required Stewardship Information (RSSI), if applicable. The portion of Part C related to the financial statements, RSI, and RSSI is included primarily for the preparers of the statements. Although some reviewers will still evaluate the manner in which the financial information is presented in the financial statements, the CEAR Program relies primarily on the organization auditing the financial statements to assure adherence with the applicable standards and criteria. Part E addresses the Other Information which contains: a summary by the Inspector General of the most serious entity’s entity’s management and performance challenges and the progress entity’s addressing the challenges; summary tables of material deficiencies in internal control and system information on payment integrity, including Improper Payments Information Act, as amended by the Improper Payments Elimination and Recovery Act and Improper Payments Elimination and Recovery Improvement Act reporting details; information regarding the progress pursuant to the Fraud Reduction entity’s and Data Analytics Act; square footage and operations and maintenance costs associated with the Reduce the Footprint policy; the most recent inflationary adjustments to civil monetary penalties required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act; information pursuant to the Grant Oversight and New Efficiency (GONE) Act; and possibly other information. Section II is for the Performance and Accountability Reports and addresses the Section included in a Performance and Accountability Report, but not in an Agency Financial Report. This section should be used by PAR preparers and reviewers in combination with Section I.
doing; what it has accomplished, particularly in relation to prior years and targets; and how it is managing its programs and resources. In many ways, the MD&A represents the most important part of the Report, and thus the portion of the review that receives the most attention. Part D addresses the Financial Section, which is composed of a message from the Chief Financial Officer (which is optional), the auditors’ report, the financial statements and notes, and Required Supplementary Information (RSI) and Required Stewardship Information (RSSI), if applicable. The portion of Part C related to the financial statements, RSI, and RSSI is included primarily for the preparers of the statements. Although some reviewers will still evaluate the manner in which the financial information is presented in the financial statements, the CEAR Program relies primarily on the organization auditing the financial statements to assure adherence with the applicable standards and criteria. Part E addresses the Other Information which contains: a summary by the entity’s Inspector General of the entity’s most serious management and performance challenges and the entity’s progress addressing the challenges; summary tables of material deficiencies in internal control and system information on payment integrity, including Improper Payments Information Act, as amended by the Improper Payments Elimination and Recovery Act and Improper Payments Elimination and Recovery Improvement Act reporting details; information regarding the entity’s progress pursuant to the Fraud Reduction and Data Analytics Act; square footage and operations and maintenance costs associated with the Reduce the Footprint policy; the most recent inflationary adjustments to civil monetary penalties required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act; information pursuant to the Grant Oversight and New Efficiency (GONE) Act; and possibly other information. Section II is for the Performance and Accountability Reports and addresses the Section included in a Performance and Accountability Report, but not in an Agency Financial Report. This section should be used by PAR preparers and reviewers in combination with Section I.
FY18-CEAR-Guidelines_Final_1.docx