The Financial Reporting and Analysis Division provides accurate, timely, and useful financial information and services to support informed decision-making. The Financial Reporting and Analysis Division provides reporting and analysis to foster accountability for financial management and to ensure that adequate controls exist to safeguard assets and manage liabilities, revenues, and expenditures.
The primary responsibilities of the Financial Reporting and Analysis Division as follows:
- Preparing USPTO financial statements and reports in accordance with the Chief Financial Officers Act and in conformance with accounting principles generally accepted in the United States and OMB Circular A-136, Financial Reporting Requirements [PDF];
- Coordinating with the Office of Inspector General in planning for, and carrying out, the required annual financial statement audit;
- Responding to financial statement audit reports and preparing corrective action audit plans;
- Preparing monthly, quarterly, and annual financial reports for both internal use and submission to the Department of Commerce, Treasury Department, and OMB;
- Performing analyses of financial reports and data to identify and analyze fluctuations, trends and unusual variances to provide an accurate reporting of the USPTO's financial condition and results of operations;
- Coordinating reporting of all financial information included in the USPTO Annual Performance and Accountability Report and the Department of Commerce Performance and Accountability Report;
- Ensuring the financial information included in the USPTO Annual Performance and Accountability Report meets the Association of Government Accountants’ requirements for receiving the Certificate of Excellence in Accountability Reporting; and
- Performing reviews of internal controls in accordance with the Federal Managers Financial Integrity Act and OMB Circular A-123 requirements.
Shana Willard is the director of the Financial Reporting and Analysis Division.