Results of the Audit of the United States Nuclear Regulatory Commission's Financial Statements for Fiscal Year 2020

Perform a more robust review of the future lease paymentsschedule to ensure it reflects all changes and updates tooccupancy agreements. This review should include adocumented review by the group responsible for negotiating andsigning occupancy agreements since they would be most familiarwith all current occupancy agreements.

Perform a more robust review of leasehold improvements andrequire accurate communication from accountable propertymanagers to ensure that as occupancy agreements change,projects begin, or projects are completed, any impact to leaseholdimprovements in the financial statements is recorded timely andaccurately. This review should also include timely and completelydocumenting the status of leasehold improvements in process.

Strengthen internal control to ensure funds are de-obligated timelyincluding identifying amounts to be de-obligated and posting thede-obligation to the accounting system.

Maintain adequate documentation, including correspondence, forthe reasons why an aged unliquidated obligation should not be deobligated.

Review the process for generating the unliquidated obligation subsidiary details report (management report); ensure that amounts that are not ULOs are not included in the management report; and reconciles the management report to the general ledger.