USPS OIG: FY 2018 Selected Financial Activities and Accounting Records

Objective Our audit objectives were to determine whether the U.S. Postal Service: Fairly stated accounting transactions in the general ledger and whether selected controls surrounding those transactions were designed and operating effectively. Properly tested, documented, and reported its examination of selected key financial reporting controls related to Headquarters and Accounting Services. The Postal Reorganization Act…

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Editorial: USPS needs to better compete

During a recent editorial board with Sen. Susan Collins, R-Maine, questioning turned to the financial straits of the U.S. Postal Service, which lost $2 billion for the third quarter, the 21st losing quarter of the last 23. There is, however, some good news. “Revenue continues to improve as a result of the Postal Service’s January…

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