Audits
The Office of the Inspector General’s (OIG) Office of
Audits provides objective oversight and appraisal of the Office of Personnel
Management’s (OPM) responsibilities to assure the integrity, efficiency, and
effectiveness of the agency’s programs and services. Specifically, the OIG
conducts comprehensive and independent audits of OPM programs, operations and
contractors. The Office of Audits assists the Director and Congress by
providing credibility to the information reported by the agency and providing
information to improve accountability and facilitate decision-making.
The Office of Audits core responsibility is auditing the
activities of OPM contractors who underwrite and provide health and life
insurance benefits to federal employees and annuitants, and their dependents and
survivors, through the Federal Employees Health Benefits Program (FEHBP) and the
Federal Employees’ Group Life Insurance Program. There are approximately 260
insurance carriers participating in these programs with annual premium payments
that exceed $35 billion. In addition, we conduct performance audits of the
Retirement Program, with assets over $750 billion and whose monthly payments to
approximately 2.5 million annuitants and survivors exceed $65 billion annually.
The Office of Audits also conducts a wide range of audit
activity covering other OPM programs and administrative operations. This
activity includes such diverse areas as financial statement audits required by
the Chief Financial Officers Act; audits of agency compliance with laws and
regulations; information systems audits at health insurance carriers and at OPM;
audits of Pharmacy Benefit Managers; audits of the Long Term Care Insurance
Program; audits of Federal Employee Dental and Vision Insurance Program
carriers; and performance audits of OPM programs that involve the range of the
agency’s responsibilities, including revolving fund activities such as
background investigations.
The office also audits local organizations that administer
the Combined Federal Campaign (CFC). There are approximately 240 local CFC’s
with over $275 million in annual pledges.
Twice a year the OIG prepares a semi-annual report
highlighting our audits, as well as investigations and administrative
sanctions. These reports can be found on our website.
The majority of the audit staff is located at OPM
headquarters in Washington, D.C. We also have field offices in Cranberry
Township, Pennsylvania, a suburb of Pittsburgh, and Jacksonville, Florida.
These offices are staffed primarily with auditors who conduct audits of the
FEHBP.