U.S. Postal Service Actions to Improve Its Financial Reporting

Correspondence issued by the General Accounting Office with an abstract that begins "Over the past 2 years, we have been raising concerns and have made recommendations regarding the lack of sufficient and timely periodic information on the U.S. Postal Service's financial condition and outlook available to the public between publications of its audited year-end financial statements. This report responds to a request that we provide periodic updates on several key areas related to the Service's financial outlook, including improvements in financial and performance reporting. Specifically, this report discusses actions taken by the Service to address our past recommendations to provide sufficient, more timely, and accessible financial reports as well as our assessment of the Service's responses.