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Audit Reports

Sep
04
2019
Report Number:
FCS-FM-19-027
Report Type:
Audit Reports
Category: Finance

Financial Differences – Nashville, TN, Main Office Window

Background

This report presents the results of our self-initiated audit of Financial Differences — Nashville, TN, Main Office Window. Financial differences are used to report financial adjustments for variances in financial transactions at postal retail units (PRU). Differences include inconsistencies between banking deposits and receipts, errors with transmitted sales and money order data, and stock shipments not received by the unit.

OIG data analytics identified that the Nashville MOW had 71 financial difference transactions with a net value of $117,870 from July 1 through December 31, 2018, or Postal Service fiscal year (FY) 2018, Quarter (Q) 4, and FY 2019, Q1. The Nashville MOW had the fourth highest quantity of financial difference transactions but the highest amount of unresolved financial differences in the Tennessee District for the same timeframe.

The objective of the audit was to determine whether financial difference transactions at the Nashville MOW were properly documented, researched, and resolved in timely manner.  

Report Recommendations

# Recommendation Status Value Initial Management Response USPS Proposed Resolution OIG Response Final Resolution
1

To reiterate to all personnel responsible for resolving financial differences at the
Nashville Main Office Window how to properly research and resolve financial differences timely and file supporting documents in one central location at the unit.

 Closed $0 Agree