Annual Audit Plan Fiscal Year 2008

Annual Audit PlanFiscal Year 2008The Library of CongressOffice of the Inspector General Office of the Inspector GeneralAnnual Audit PlanFiscal Year 2008 FISCAL YEAR 2008 AUDIT PLAN Table of Contents Introduction and Definitions 1 Summary of the Library’s Strategic Plan 3 New Projects List 5 Carryover Projects List 7 New Audits Detail 8 Financial Audits Detail 26 Attestations Detail 31 Carryover Projects Detail 36 Library of Congress Office of the Inspector General FISCAL YEAR 2008 AUDIT PLAN Introduction and Definitions This plan identifies the audits of Library of Congress programs, operations, and financial activities that we anticipate beginning or completing during the fiscal year. A one-page description of each assignment is included after the summary pages for new (page 9) and carryover (page 39) projects. The descriptions provide an overview of the audit topic, identify the type of audit planned, and indicate the objectives of the engagement. ‘New Projects’ are expected to begin in FY 2008 and may include assignments that were in last year’s audit plan that had not started by the beginning of FY 2008. Carryover audits are those that are in progress at the beginning of FY 2008. Given our limited resources and the extensive analysis required to conduct audits, this plan is ambitious; accordingly, we expect to start most, but not all, of the audits in ...