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2023 Agency Financial Report

This Fiscal Year (FY) 2023 Agency Financial Report (AFR), is an overview of how OPM uses it's financial resources to support the mission, services and objectives of human resource management in the Federal government.

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FY 2023 Summary of Financial Statement Audit and Management Assurances

OPM’s Summary of Financial Statement Audit and Management Assurances are shown in Tables 35 and 36, respectively.

Table 35 – Summary of Financial Statement Audit

Financial Statement Audit Opinion and Material Weaknesses

Audit Opinion: **Unmodified**

Restatement: No
Material Weaknesses	Beginning Balance	New	Resolved	Consolidated	Ending Balance
Information Systems Control Environment	1	0	0	0	1
Total Material Weaknesses	1	0	0	0	1

Table 36 – Summary of Management Assurances

Effectiveness of Internal Control Over Financial Reporting (FMFIA § 2)
Statement of Assurance: **Unmodified**
Material Weaknesses	Beginning Balance	New	Resolved	Consolidated	Ending Balance
Information Systems Control Environment	1	0	1	0	0
Total Material Weaknesses	1	0	1	0	0

Effectiveness of Internal Control Over Operations (FMFIA § 2)
Statement of Assurance: **Modified**
Material Weaknesses	Beginning Balance	New	Resolved	Consolidated	Ending Balance
Information Systems Control Environment	1	0	0	0	1
Total Material Weaknesses	1	0	0	0	1

Conformance with Federal Financial Management System Requirements (FMFIA § 4)
Statement of Assurance: **Federal Systems conform**
Non-Conformances	Beginning Balance	New	Resolved	Consolidated	Ending Balance
Information Systems Control Environment	1	0	1	0	0
Total Material Weaknesses	1	0	1	0	0

Compliance with Section 803(a) of the Federal Financial Management Improvement Act (FFMIA)
Regulatory Compliance	Agency	Auditor
Federal Financial Management System Requirements	No lack of compliance noted	Lack of compliance noted
Applicable Federal Accounting Standards	No lack of compliance noted	No lack of compliance noted
USSGL at Transaction Level	No lack of compliance noted	No lack of compliance noted