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 U.S. Department of Education: Promoting Educational Excellence for all Americans - Link to ED.gov Home Page

Financial Highlights

The Department's strategic plan commits us to management excellence and overall financial improvement in concert with an increased focus on academic performance. The Department earned a fourth consecutive unqualified audit opinion from independent auditors. American taxpayers and other readers of our financial statements can rely on the information presented, accurately informed of the status of the Department's financial position and the stewardship of our assets.

Solid management controls sustain an unqualified audit opinion and ensure effective stewardship of assets. The Department recognizes the need for accountability, and management supports the framework necessary to derive superior results.

The Department continues to review existing internal controls and implement changes where necessary. In accordance with Office of Management and Budget (OMB) Circular No. A-123, Management's Responsibility for Internal Control, the Department will be enhancing the review, assessment, and testing of our internal controls in fiscal year 2006.