Smithsonian Institution

This is the first report of the fiscal year 2025 financial statements audit of the Smithsonian Institution and provides results of the Smithsonian Enterprises Net Gain review for fiscal year 2025 performed by the independent public accounting firm of KPMG LLP.

This report highlights the accomplishments achieved through our oversight and investigative activities for the 6-month period ending September 30, 2025.

Smithsonian Enterprises (SE) oversees the majority of the revenue-generating operations of the Smithsonian Institution (Smithsonian). It is an essential source of unrestricted funds— monies without donor-imposed or legal restrictions on their use. SE provides unrestricted funds to the Smithsonian...

Under a contract monitored by this office, the Office of the Inspector General engaged Castro, an independent public accounting firm, to perform the Fiscal Year 2025 Independent Evaluation of the Smithsonian Institution’s Information Security Program.

The Smithsonian Institution (Smithsonian) relies on funding from external sponsors such as governments, foundations, and corporations to support projects that further its mission to increase and diffuse knowledge. The Office of Sponsored Projects (OSP) provides centralized support, guidance, and...

This is the third report of the fiscal year 2024 financial statement audits of the Smithsonian Institution performed by the independent accounting firm of KPMG LLP.

According to 20 U.S.C. § 44, each member of the Smithsonian Institution’s Board of Regents shall be paid for necessary travel and other actual expenses to attend meetings of the Board. The law also assigns the Board’s Executive Committee the responsibility of auditing these expenditures. Since 2008...

The Office of the Inspector General contracted with Castro & Company, LLC to evaluate the effectiveness ofthe Smithsonian's information security program in fiscal year 2024. For Fiscal year 2024, Castro found that the Smithsonian Institution’s Information security program was effective overall...