Department of Homeland Security’s Risk Management and Internal Control Program
Presented by Alyssa Smiley (Department of Homeland Security)
As the Department of Homeland Security (DHS) continues to strive towards a federally mandated clean opinion for internal controls over financial reporting, this session will walk through the challenges, achievements, framework, and enhancements that DHS has faced and implemented along the way. Discover how DHS has designed an approach to the Department’s risk management and internal control program for financial reporting systems to span numerous Component agencies, an average annual budget of over $80B, nearly 100 financial support systems, and an ever-changing control environment. With increased focus and attention on data and information produced by the entity as well as service provider monitoring, DHS continues to make adjustments to refine processes and approach, but like all agencies, is faced with limitations and legacy applications that add to the hurdles encountered on its journey to a clean opinion.