FT-AR-11-005 - FY 2010 Financial Statements Audit - Eagan Information Technology and Accounting Service

December 30, 2010 VINCENT H. DEVITO, JR. VICE PRESIDENT, CONTROLLER SUBJECT: Audit Report – Fiscal Year 2010 Financial Statements Audit – Eagan Information Technology and Accounting Service Center (Report Number FT-AR-11-005) This report presents the results of our audit of the selected financial activities and accounting records at the U.S. Postal Service Eagan, MN, Information Technology and Accounting Service Center (IT/ASC) for the fiscal year (FY) ended September 30, 2010 (Project Number 10BM001FT000). We conducted this audit in support of the independent public accounting (IPA) firm’s overall audit opinions on the Postal Service’s 1financial statements and internal controls over financial reporting. This audit addressed financial risk. See Appendix A for additional information about this audit. The Postal Reorganization Act of 1970, as amended, requires annual audits of the Postal Service’s financial statements. Also, the U.S. Congress enacted Sarbanes-Oxley (SOX) legislation in calendar year (CY) 2002 to strengthen public confidence in the accuracy and reliability of financial reporting. Section 404 of SOX requires management to state its responsibility for establishing and maintaining an adequate internal control structure and make an assertion on the effectiveness of the internal control structure over financial reporting. The Postal Accountability and Enhancement Act of 2006 requires the Postal Service to comply with ...