FY 08 Audit Plan Final

U.S. POSTAL SERVICE OFFICE OF INSPECTOR GENERAL AUDIT PLAN Fiscal Year 2008 AUDIT PLAN FISCAL YEAR 2008 TABLE OF CONTENTS Background 1Mission and Organization 3Office of Audit Planning Process 4Chart of Allocation of Office of Audit Staff to Risk Areas in FY 2008 5Chart of Allocation of OA Resources by Audit Directorates in FY 2008 6Major Risks/Management Challenges Facing the Postal Service 6Audit Program Areas 7Strategic Risks 8Financial Risks 9Operational Risks 13 BACKGROUND The Postal Service’s mission is to bind the nation together through the personal, educational, literary, and business correspondence of the people and provide prompt, reliable, and efficient services to its patrons. The Postal Service has annual operating revenue of nearly $73 billion and more than 700,000 employees. It delivers over 212 billion pieces of mail each year, representing more than 46 percent of the world’s mail, to 144 million delivery points. It has over 38,000 facilities and 214,000 vehicles. To deliver world-class service, the Postal Service must excel in performing its core business processes of accepting, processing, transporting and delivering the mail, as well as marketing postal products and services. In April 2002, the Postal Service issued a comprehensive Transformation Plan to address its financial, operational, and human capital challenges. In July 2003, the President’s Commission ...