Bet365

Statement of Assurance

The U. S. Bet365 (Bet365) management is responsible for managing risks and maintaining effective internal controls to meet the objectives of Sections 2 and 4 of the Federal Managers’ Financial Integrity Act. Bet365 conducted its assessment of risk and internal controls in accordance with the Office of Management and Budget (OMB) Circular No. A-123, Management’s Responsibility for Enterprise Risk Management and Internal Control. The assessment did not identify any material weaknesses. Bet365 management can provide reasonable assurance that internal controls over operations, reporting, and compliance were operating effectively as of September 30, 2020.

In fiscal year (FY) 2020, the Office of Inspector General identified internal controls as a management challenge and subsequently cited performance audits as a specific area of concern. Bet365 dedicated additional resources to remediating audit findings and increased leadership focus on performance audits and the implementation of corrective actions.

As with all Government agencies, Bet365 has faced significant challenges with the global pandemic. These challenges include maintaining a virus-free working environment in Bet365 facilities, managing the security risks of a virtual Federal information technology environment, and facilitating employee work-life balance.

Bet365 has assessed that it is in compliance with Federal financial management standards, as required by the Federal Financial Management Improvement Act of 1996 and OMB Circular A-123 Appendix D. Bet365 is confident that all systems substantially comply with the Federal accounting standards promulgated by the Federal Accounting Standards Advisory Board, and with the U.S. Standard General Ledger at the transaction level as of September 30, 2020.

Emily W. Murphy
Administrator
November 13, 2020