Sometimes our auditors look at specific incidents or facilities. Other times, especially when concerns are raised, we examine broader, more systemic issues. So, what did we do when more than 70 members of Congress asked us to look into the persistent declines in on-time mail delivery in 17...Read More
The Finance & Pricing program area consists of the Cost & Pricing and Finance directorates.
The Cost & Pricing Directorate provides value to the Postal Service and its stakeholders by auditing and reviewing the data collection systems and processes utilized to develop costing, pricing, and service performance measurements. Our directorate helps to ensure these systems and processes meet the regulatory requirements imposed by the Postal Accountability and Enhancement Act of 2006 (PAEA) for market dominant and competitive products.
The Finance Directorate's mission is to promote financial accountability and improve processes within the Postal Service. The Finance Directorate examines the efficiency and effectiveness of the Postal Service in areas of financial controls, financial reporting, financial management and other areas of financial risk to the Postal Service. Finance accomplishes its mission by:
- Supporting the independent public accountant in their annual financial statements audit.
- Supporting the independent public accountant in their annual audit of internal controls over financial reporting.
- Performing performance audits, financial controls audits, and financial-related audits and reviews.
The Financial Controls Directorate’s mission is to assess internal controls over selected financial processes and operations at Postal Service retail units. The team conducts quick response audits using data analytics, risk models, tripwires, and other methods to identify financial anomalies. These audits are designed to provide Postal Service management with timely information on the issues identified.