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The Office of Inspector General contracted with Clifton Gunderson LLP, an independent certified public accounting firm, to audit the financial statements of the Single-Employer and Multiemployer Program Funds administered by the Pension Benefit Guaranty Corporation (PBGC) as of and for the years ended September 30, 2008 and 2007 (AUD-2009-1/FA-08-49-1). During the audit, Clifton Gunderson identified certain less significant matters related to PBGC internal controls and operations that were not included in the Report on Internal Controls Related to the Pension Benefit Guaranty Corporation’s Fiscal Year 2008 and 2007 Financial Statements Audit (AUD-2009-2/FA-08-49-2) dated November 13, 2008.
This management letter summarizes Clifton Gunderson’s findings and recommendations regarding those less significant matters and includes the status of prior years’ management letter recommendations. PBGC responses to the recommendations are also included in this management letter. In addition, the Chief Financial Officer’s response to a draft of this management letter indicated that PBGC management agreed with the recommendations.
Due to the nature of this report, it is not publically available.
The Office of Inspector General has determined that the report is for official use only. The report is intended solely for the information and use of PBGC management and Office of Inspector General and is not intended to be and should not be used by anyone other than these specified parties. Request for further distribution of this report should be made to the Office of Inspector General.
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