2021 System Review Report (OIG Peer Review), March 21, 2022

The Peace Corps Office of Inspector General reviewed the system of quality control for the NCUA OIG in effect for the year ending September 30, 2021. A system of quality control encompasses the NCUA OIG's organizational structure, the policies adopted and procedures established to provide it with a reasonable assurance of conforming in all material respects with Government Auditing Standards and applicable legal and regulatory requirements. The elements of quality control are described in Government Auditing Standards. The Peace Corps OIG opined that the system of quality control for the NCUA OIG in effect for the year ending September 30, 2021, has been suitably designed and complied with to provide NCUA OIG with reasonable assurance of performing and reporting in conformity with applicable professional standards and applicable legal and regulatory requirements in all material respects. Audit organizations can receive a rating of pass, pass with deficiencies, or fail. NCUA OIG received an External Peer Review rating of pass.