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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Department of Transportation
Quality Control Review on a Single Audit of the Chesapeake Bay Bridge and Tunnel District, Cape Charles, VA
Our Objective(s)
To determine (1) whether Cherry Bekaert LLP's work complied with the Single Audit Act of 1984, as amended, and 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, and (2) whether the Chesapeake Bay Bridge and Tunnel District's (CBBT) reporting package complied with the reporting requirements of the Uniform Guidance.
About This Report
During the fiscal year that ended on June 30, 2023, CBBT expended approximately $338.5 million from a DOT program. Cherry Bekaert determined DOT's major program was OST's Transportation Infrastructure Finance and Innovation Act program. We performed a quality control review on the single audit conducted by Cherry Bekaert to verify compliance with all Federal laws and regulations.
Audit of the Office of Justice Programs Victim Assistance Funds Subawarded by the Minnesota Department of Public Safety Office of Justice Programs to the Committee Against Domestic Abuse, Incorporated, Mankato, Minnesota
Risk Assessment of the Utah Office for Victims of Crime Subrecipient Monitoring Activities for the Office of Justice Programs Victim Assistance Grants, Salt Lake City, Utah
Over the last 5 years, the U.S. Small Business Administration’s (SBA) has been unable to pass a financial audit, receiving disclaimers of opinion year after year. The independent public auditor has been unable to offer an opinion on the financial state of SBA because it has not received sufficient evidence to support a number of balances. We reviewed SBA’s history of disclaimers and material weaknesses from fiscal years 2020 to 2024, open recommendations, and SBA’s new strategy for addressing material weaknesses and obtaining a clean audit opinion.
SBA’s accounting deficiencies were primarily related to administering an unprecedented amount of disaster assistance aid and guaranteed loan funds to help eligible small business owners and entrepreneurs adversely affected by the pandemic. Over the course of 18 months, the agency delivered 22.1 million pandemic assistance loans and grants, totaling $1.2 trillion. To address the systemic financial reporting deficiencies, SBA launched its Financial Statement Audit Remediation Strategy in January 2025 to resolve the seven material weaknesses and 56 open audit recommendations.
We made four recommendations to enhance implementation of SBA’s financial statements remediation strategy. We recommended the Administrator appoint a senior executive to lead the effort and emphasize audit remediation priorities through consistent agencywide communication. We also recommended that the remediation strategy be incorporated into SBA’s next strategic plan and individual performance plans to ensure accountability. SBA management agreed with all four recommendations.
