Additionally, if the controls are automated, such as in CEFMS, the IPA will want to find individuals not authorized to approve or authenticate the travel order to demonstrate that unauthorized individuals cannot approve or authenticate.
Within USACE, we break down each type of transaction and provide detailed lists of documents (to include form numbers and CEFMS screen numbers) to ensure we are getting everything the IPA needs to test the sample the first time.
Part of our challenge during that time was developing and deploying CEFMS.
Today, because of strong senior leadership, exceptional working relationships with the auditors, improvements to our documented processes and controls, and a validated CEFMS, we have created the conditions for enduring success in the CEO audit.
In fact, CEFMS was developed to prevent one person from performing all critical system steps related to the procurement of goods or services (that is, purchase request, obligation creation, receipt of the goods or services, and disbursement).
Using CEFMS, we were able to work with the auditors to estimate the year-end accruals and develop an automated process to enter corporate accruals.
USACE: CEFMS includes a broad range of functionality and integrates Corps financial management with its programmatic counterparts.
CEFMS is the primary source of our financial statements and upward reporting requirements necessary to comply with the CFO Act.
USACE: within the structure and functionality of CEFMS, the designers built in the capability to integrate financial data with a multitude of other types of data.
USACE: Without question, CEFMS is the link to a future unqualified audit opinion on our financial statements.
In the meantime, the auditors are thoroughly testing CEFMS at the transaction and general ledger level of detail, as well as trying to penetrate our communication linkages to gain access to the system.
USACE: Our CEFMS platform affords the Corps so many high tech opportunities that it boggles the mind.