KPMG, LLC, under contract with DHS OIG, discussed nine observations related to internal controls for NFIP’s consideration. These issues include internal control deficiencies and the need for improvement in calculating written premiums, reviewing paid claims, monitoring third party service providers, and recording investments, which are not critical and are below the level of a significant deficiency. Internal control weaknesses considered significant deficiencies were presented in our Independent Auditors’ Report on DHS’ FY 2016 Financial Statements and Internal Control over Financial Reporting, dated November 14, 2016, included in the DHS FY 2016 Agency Financial Report.
National Flood Insurance Program's Management Letter for DHS' Fiscal Year 2016 Financial Statements Audit
- Executive SummaryReport NumberOIG-17-53Issue DateDocument FileDHS AgencyOversight AreaKeywordsFiscal Year2017