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Report File
Date Issued
Submitting OIG
Department of Justice OIG
Agencies Reviewed/Investigated
Department of Justice
Components
Federal Bureau of Prisons
Other DOJ Components
Report Number
26-006
Report Description

The previously-issued audit report containing the Annual Financial Statements of the Federal Prison Industries, Inc. (FPI) for fiscal year (FY) 2022, dated March 2023, was withdrawn and removed from the OIG’s website and Oversight.gov as a result of material misstatements in FPI’s financial statements that were discovered in FY 2023. The report now linked to this page contains the auditor’s report on the FPI’s restated FY 2022 financial statements and completed FY 2023 financial statements.

Report Type
Audit
Agency Wide
Yes
Number of Recommendations
5
Questioned Costs
$0
Funds for Better Use
$0
Report updated under NDAA 5274
No

Open Recommendations

This report has 2 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
1 No $0 $0 Status as of December 31, 2025

Design and implement control activities to review the Accounting Standards Codification No. 2014-09, Revenue from Contracts with Customers (Topic 606) adjustment with sufficient precision to ensure the revenue adjustment is complete and accurate.

2 No $0 $0 Status as of December 31, 2025

Automate their accounting system to recognize revenue under Topic 606 throughout the year.

Department of Justice OIG

United States