Federal Reports

The report contains an unmodified opinion on Commodity Credit Corporation’s (CCC) financial statements as of September 30, 2025, as well as an assessment of CCC’s internal control over financial reporting and compliance with laws and regulations.

The Chief Financial Officers Act of 1990 requires the Inspector General to audit the agency’s financial statements each year, which is intended to help improve an agency’s financial management and controls over financial reporting. For FY 2025, the auditors issued an unmodified opinion on the FY 2025 consolidated financial statement of the Department. The auditors reported that the FY 2025 consolidated financial statement is presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles. In the Report on Internal Control over Financial Reporting, the auditors identified one material weakness and three significant deficiencies in internal control over financial reporting. In the Report on Compliance and Other Matters, the auditors reported no instances of noncompliance that were required to be reported under Government Auditing Standards or OMB Bulletin No. 24-02. Seven recommendations were made to the Department to address the internal control findings.  Management concurred with the findings and agreed to take action to address the recommendations.  See pages 84-96 for the report.

Semiannual Report to the Congress April 1, 2025 – September 30, 2025

In accordance with the Reports Consolidation Act of 2000, the OIG reports annually on the most serious management and performance challenges the U.S. Department of Education (Department) faces. For FY 2026, we identified five management challenges the Department faces as it continues its efforts to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. These challenges are add (1) change management; (2) oversight and monitoring of grantees, (3) Oversight & monitoring of student financial assistance programs; (4) data quality and reporting, and (5) information technology security. The report includes a summary of each challenge, a brief assessment of the Department’s progress in addressing each challenge, and shares information on further actions that, if properly implemented, could enhance the effectiveness of the Department’s programs and operations.

This report was issued in conjunction with the Office of Inspector General for the Railroad Retirement Board's Semiannual Report to the Congress. It was incorporated by reference in the corresponding Semiannual Report which is available at the link below.