internal controls in a shared service environment september 15, 2015 d. michael linder deputy...
DESCRIPTION
ARC Background / Experience Began providing administrative shared services (including financial management services) to other Federal agencies in 1997 Undergone annual service organization control reviews (SAS70/SSAE16) since 2002 – initially focused on financial management controls Over time have expanded scope of control review to other services that impact financial reporting Our SSAE16 report helps support 25 customer agency financial statement audits Report published on ARC website at: https://arc.publicdebt.treas.gov/files/pdf/OIG15044.pdfTRANSCRIPT
Internal Controls in a Shared Service Environment
September 15, 2015
D. Michael LinderDeputy Assistant CommissionerBureau of the Fiscal ServiceDepartment of the Treasury
ARC Background / Experience Began providing administrative shared services (including financial
management services) to other Federal agencies in 1997
Undergone annual service organization control reviews (SAS70/SSAE16) since 2002 – initially focused on financial management controls
Over time have expanded scope of control review to other services that impact financial reporting
Our SSAE16 report helps support 25 customer agency financial statement audits
Report published on ARC website at: https://arc.publicdebt.treas.gov/files/pdf/OIG15044.pdf
Benefits to Provider Organization Facilitates audit efficiency
Facilitates audit effectiveness
Provides management ‘peace of mind’
Provides useful training material for employees
Provides useful communication tool with customer agencies
Benefits to User Organization Facilitates audit efficiency
Facilitates audit effectiveness
Provides understanding of Provider control environment
Helps identify complementary controls needed at customer agency
Helps fulfill management’s A-123 responsibilities
