Federal Reports

Opinion on the Reclassified Financial Statements

We have audited the accompanying Reclassified Financial Statements of the U.S. Postal Service, which comprises the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Reconciliation Report -Reclassified Balance Sheet as of September 30, 2025, and the related GTAS Reconciliation Reports -Reclassified Statement of Net Cost and Reclassified Statement of Operations and Changes in Net Position, for the year then ended (hereinafter referred to as the Reclassified Financial Statements) and accompanying Note 36. In our opinion, the Reclassified Financial Statements referred to above present fairly, in all material respects, the financial position of the Postal Service as of September 30, 2025, and its net costs and changes in net position for the year then ended in accordance with United States (U.S.) Generally Accepted Accounting Principles (GAAP).

Basis for Opinion

We conducted our audit in accordance with the standards applicable to financial audits contained in the U.S. Government Auditing Standards, issued by the Comptroller General of the U.S., and Office of Management and Budget (0MB) Bulletin Number 24-02, Audit Requirements for Federal Financial Statements. Our responsibilities under those standards are further described in the Auditor's Responsibility section. We are required to be independent of the Postal Service and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence.

The FCC financial statements were fairly presented in all material respects, in conformity with U.S. generally accepted accounting principles. In addition, Kearney did not find any reportable instances of noncompliance with laws, regulations, and contracts applicable to FCC. The report includes two significant deficiencies with 28 recommendations for improvement. 

For Oversight reporting, the FCC financial Statements (25-AUD-06-01) reported 1 recommendation and 27 recommendations for FISMA (25-EVAL-04-01).

This reports the results of the FEC's FY 25 Financial Statement Audit

Our Objective(s)To determine whether Cherry Bekaert LLP's revised audit work complied with the Single Audit Act of 1984, as amended; the Office of Management and Budget's Uniform Guidance; and the extent to which we could rely on the auditor's work on the U.S. Department of Transportation's (DOT) major program.
Why This Report(s)We recently conducted a quality control review (QCR) on the Chesapeake Bay Bridge and Tunnel District (CBBT) of Cape Charles, VA, for the fiscal year that ended June 30, 2023 (OIG Report Number SA2025048). In that QCR, we determined Cherry Bekaert's audit work for the Activities Allowed or Unallowed and the Allowable Costs/Cost Principles compliance requirements did not comply with requirements of the Single Audit Act, the Uniform Guidance, and requirements for DOT's Transportation Infrastructure Finance and Innovation Act program. To determine CBBT's compliance with these requirements, Cherry Bekaert performed internal control and compliance testing, and we conducted a follow-up QCR on the testing performed.
What We FoundReview of Audit Work.

Cherry Bekaert's revised audit work complied with the requirements of the Single Audit Act, the Office of Management and Budget's Uniform Guidance, and DOT's major program.
We found nothing to indicate that Cherry Bekaert's opinion on DOT's major program was inappropriate or unreliable.

Review of Reporting Package.

CBBT's reporting package was not subject to review during this QCR since our previous QCR dated September 29, 2025, found no deficiencies requiring resubmission.

RatingWe assigned Cherry Bekaert an overall rating of Pass.