EERE is committed to continually improving the efficiency and effectiveness of its monitoring and oversight activities for financial assistance. Audits represent an essential oversight function and may be conducted by a wide range of internal and external parties: the Department of Energy’s Office of Inspector General (OIG); the U.S. Government Accountability Office (GAO); or other independent agencies or firms. Audits scrutinize the technical and financial performance and management controls of EERE’s technology programs and its financial assistance Recipients. Individually, these audits have helped inform and strengthen EERE’s monitoring activities. Collectively, they can help to identify and address common issues.
The EERE Office of Project Management and Evaluation (PME) has undertaken an analysis of audit findings in pursuit of cross-cutting trends and lessons learned. Building on an earlier audit analysis which reviewed the findings of approximately 60 such audits undertaken between February 2009 and May 2011, PME is working to eliminate the sources of problems, increase its own efficiency and accountability, and promulgate these improved practices across EERE’s technology programs.
EERE’s new audit analysis involves an updated and expanded investigation of all audits, including many that were not completed during the original review. The results of this analysis will create opportunities for EERE to improve the financial assistance process for Applicants and Recipients, increase EERE’s understanding of the financial health and technical performance of its financial assistance portfolio, and enable staff and senior managers to act on this information. EERE looks forward to sharing the findings of this expanded analysis with its stakeholders and to implementing the steps to realize continual improvement in monitoring and oversight.