Audit of the NCUA’s Schedule of Investments and Other Taxes and Receipts as of September 30, 2024

The report description is: Under a contract monitored by the National Credit Union Administration (NCUA) Office of the Inspector General (OIG), KPMG, an independent certified public accounting firm, performed an audit of the NCUA’s schedule of investments; accounts receivables, net (other than intragovernmental); and other taxes and receipts as of September 30, 2024. KPMG conducted the audit in accordance with auditing standards generally accepted in the United States of America, in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, and in accordance with OMB Bulletin No. 24-02, Audit Requirements for Federal Financial Statements. Those standards and OMB Bulletin No. 24-02, require that KPMG plan and perform the audit to obtain reasonable assurance about whether the schedule is free from material misstatement. KPMG prepared the audit report for the purpose of providing financial information to the U.S. Department of Treasury and the U.S. Government Accountability Office to use in preparing and auditing the Financial Report of the U.S. Government. The report includes: (1) an opinion on the schedule, (2) internal control over financial reporting specific to the schedule, and (3) compliance and other matters specific to the schedule. In its audit, KPMG found: • The schedule presents fairly, in all material respects, the investments; accounts receivables, net (other than intragovernmental); and other taxes and receipts of the NCUA as of and for the period ended September 30, 2024, in accordance with U.S. generally accepted accounting principles. • There were no internal control deficiencies identified for the schedule considered to be material weaknesses; and • There were no instances of noncompliance or other matters required to be reported under Government Auditing Standards or OMB Bulletin No. 24-02.