Railroad Retirement Board Audit Compliance Section Did Not Provide Adequate Audit Coverage of Railroad Employers

Submitting OIG:

Date Issued:

Tuesday, February 15, 2022

Agency Reviewed / Investigated:

Submitting OIG-Specific Report Number:

22-05

Location(s):

Agency-Wide

Type of Report:

Audit

Questioned Costs:

Funds for Better Use:

$1,376,513

Number of Recommendations:

View Document:

Attachment	Size
Audit-Report-22-05.pdf	879.44 KB

Related Open Recommendations

Recommendation Number	Recommendation Status	Significant Recommendation
1	Open	No
The Bureau of Fiscal Operations funding for conducting employer audits should be put to better use by redirecting the focus of the Audit and Compliance Section's FTEs to accomplish their mission and provide adequate Class I and non-Class I railroad audit coverage. Additionally, the Bureau of Fiscal Operations should establish a group solely responsible for completing railroad employer audits.
2	Open	No
The Bureau of Fiscal Operations should acquire a team outside of and independent of the Audit Compliance Section (ACS) to conduct an external peer review as soon as possible, and at least every three years thereafter. The Bureau of Fiscal Operations should disclose ACS' lack of peer reviews to auditee organizations whose engagements were initiated after the three-year timeframe following ACS' last external peer review.
3	Open	No
The Bureau of Fiscal Operations should update the Audit Compliance Section's Audit Guide and Audit Procedures Manual to reflect the most recent guidance.
4	Open	No
The Bureau of Fiscal Operations should provide at least 80 hours of CPE accredited training for Audit Compliance Section employees in each 2-year cycle.