Our Objective(s)To perform a quality control review (QCR) of Allmond & Company, LLC's (Allmond) management letter related to the audit of NTSB's financial statements as of and for the fiscal years ended September 30, 2024, and September 30, 2023. We reviewed Allmond's management letter, dated November 6, 2024, and related documentation.
About This ReportWe contracted with the independent public accounting firm Allmond to audit NTSB's financial statements. Allmond also issued a management letter discussing internal control matters that Allmond was not required to include in its audit report.
What We FoundThe independent auditor, Allmond, found three internal control matters in NTSB's management of operations.
NTSB does not have agency-specific written policies and procedures for processing personnel actions.
NTSB does not review the Official Personnel Folders of transferred employees and employees returning to Federal service to verify the employees' payroll and benefits information is accurate and supported by appropriate documentation
NTSB does not have a procedure to validate upward and downward adjustment activity in the general ledger and to make the necessary corrections to ensure that both the upward and downward adjustment balances are accurate.
Our QCR disclosed no instances in which Allmond did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
RecommendationsWe agree with Allmond's seven recommendations to help strengthen NTSB's internal controls.
