Federal Reports

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 year ended December 31, 2025. 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, 2025. 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 2025 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.

This Office of Inspector General (OIG) Healthcare Facility Inspection program report describes the results of a focused evaluation of the care provided at the Healthcare Facility Inspection of the VA Central California Health Care System in Fresno. 

This evaluation focused on five key content domains:
     •    Culture
     •    Environment of care
     •    Patient safety
     •    Primary care
     •    Veteran-centered safety net

The OIG issued seven recommendations for VA to correct identified deficiencies in three domains:
   1.    Environment of care
     •    Badge holder responsibilities
     •    Signs
     •    Privacy curtains, preventive equipment maintenance, splash resistant bottom shelves
     •    Expired, damaged, and contaminated medications
     •    Pharmaceutical grade medication refrigerators
   2.    Primary care
     •    Staffing
   3.    Veteran-centered safety net
     •    Housing and Urban Development–Veterans Affairs Supportive Housing program staffing

In March 2025, we identified and conveyed to the Department suspicious activity related to parent information used on multiple dependent student Free Application for Federal Student Aid (FAFSA) forms. At the time, FSA flagged these students for identity verification and we issued “Fraud Watch Issue 1: Potentially Fraudulent Activity Involving Parent Information Included on FAFSA.” In June 2025, we initiated analysis of additional data and ultimately found that this pattern of activity involving dependent students with unusual parent data on the FAFSA had continued. We determined that 12,026 dependent student identities submitted FAFSAs associated with 1,991 parent identities where it is unlikely that the student and parent are related or associated. As a result, these FAFSA submissions have a high likelihood of being fraudulent—a potential loss of almost $3.5 million in Federal student aid associated with these FAFSA submissions during award year 2024–2025. We recommend that FSA (1) work with the IRS to implement additional controls to detect and prevent the misuse of stolen identities on FAFSA submissions, especially fraud schemes involving the use of potentially stolen student identities and nonrelated, potentially stolen parent identities.  And (2) conduct risk-based verification and validation procedures at the time FSA IDs are created. This can prevent the improper disbursement of Federal student aid based on fraudulent FAFSA submissions containing stolen identities. 

Between January 1, 2022, and July 8, 2025, TVA spent about $47 million on tools across the fleet.  Due to the amount spent on tools at TVA, we performed an audit of TVA’s tool management controls.  Our audit objective was to determine if controls are in place to safeguard tools at selected sites.  Our audit scope was limited to controls in place at selected sites during our site visits which occurred between May 28, 2025, and June 17, 2025.

Each of the selected sites had some physical controls in place to safeguard tools; however, some sites had more controls in place than others. Specifically, all sites included in our scope used tool room attendants and physical access controls on the main tool room doors, but not all the sites used safeguards such as video surveillance or web-based tool tracking.  Additionally, we determined the only policy or procedure in place to safeguard tools across TVA was Nuclear’s Business Practice 226, Tool and Equipment Accountability, which we determined was not effectively implemented. We also determined that the limited guidance resulted in control weaknesses in tool management.

The Amtrak Office of Inspector General Semiannual Report to the United States Congress for the six months ending September 30, 2025, summarizes our independent and objective reviews and investigations related to Amtrak’s programs and operations.

NGA OIG Fall Semiannual Report to Congress, 1 April - 30 September 2025