Financial Statement Audit of the Department of Health and Human Services for Fiscal Year 2025

OBJECTIVE

The HHS financial statement audit determines whether the financial statements present fairly, in all material respects, the financial position of the audited entity for the specified time period. We will retain an independent external auditor and review the independent auditor's work papers to determine whether financial statement audits of HHS and its components were conducted in accordance with Federal requirements. The financial statement audit is required by Chief Financial Officers Act of 1990, as amended by the Government Management Reform Act of 1994, and performed in accordance with Generally Accepted Government Auditing Standards and Office of Management and Budget (OMB) Bulletin 19-03, "Audit Requirements for Federal Financial Statements." The audited consolidated FYs 2021 and 2022 financial statements for HHS are due to OMB by November 15, 2021 and 2022, respectively. We plan to perform a number of ancillary financial-related reviews pertaining to the audits of the FYs 2021 and 2022 financial statements. The purpose of the ancillary financial-related reviews is to fulfill requirements in OMB Bulletin 19-03, §§ 6.1 through 12.

TIMELINE

• March 13, 2025
  Announced
• Today
  Office of Audit Services In-Progress
• Est FY2027
  Estimated Fiscal Year for Project Completion

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