You probably have heard a lot recently about the pandemic and other issues causing problems with mail delivery, with some people saying it takes weeks for packages and letters to arrive. Maybe you even experienced problems yourself. Maybe you’ve been getting your mail on time and wondering what...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.