Submitting OIG:
Report Description:
KPMG LLP’s (KPMG) report on its financial statement audit of the National Credit Union Administration’s (NCUA) financial statements, which includes the Share Insurance Fund, the Operating Fund, the Central Liquidity Facility, and the Community Development Revolving Loan Fund, as of and for the years ended December 31, 2023 and 2022. The NCUA prepared financial statements in accordance with the Office of Management and Budget (OMB) Circular No. A-136 Revised, Financial Reporting Requirements, and subjected them to audit.
Under a contract monitored by the NCUA OIG, KPMG, an independent certified public accounting firm, performed an audit of NCUA’s financial statements as of December 31, 2023. The contract required that the audit be performed in accordance with generally accepted government auditing standards issued by the Comptroller General of the United States, OMB audit guidance, and the Government Accountability Office/President's Council on Integrity and Efficiency Financial Audit Manual. KPMG’s audit report for 2023 includes: (1) an opinion on the financial statements, (2) conclusions on internal control over financial reporting, and (3) a section addressing compliance and other matters. In its audit of the NCUA, KPMG found:
• The financial statements were fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles,
• There were no deficiencies in internal control identified as material weaknesses or significant deficiencies and
• No instances of reportable noncompliance with laws and regulations it tested or other matters that are required to be reported under
Government Auditing Standards or OMB guidance.
Date Issued:
Tuesday, February 13, 2024
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
OIG-24-02/03/04/05
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
0
Report updated under NDAA 5274:
No
View Document:
Attachment | Size |
---|---|
OIG-24-02030405-FY-2023-Financial-Statement-Audit-SIF-OFCLFCDRLF-02-13-2024.pdf | 1.32 MB |
Additional Details Link: