Federal Reports

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, 2023, 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 37. 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, 2023, and its net costs and changes in net position for the year then ended in accordance with U.S. generally accepted accounting principles.

Independent Auditor's Report and Financial Statements for the Fiscal Year 2023

Recent DFC OIG audits and investigations have revealed four Top Management Challenges (TMCs) facing DFC in FY 2024. These challenges are similar to the TMCs identified in FY 2023, which is not surprising because DFC is a relatively new and evolving organization. Indeed, we expect these challenges to continue over the next several years. The challenges include (1) Improve Monitoring and Evaluating Actual Development Impact; (2) Improve Performance Management, Traceability, Accuracy, and Availability of Project Data as DFC’s Commitments Grow; (3) Balance Heightened Expectations of Congress and Stakeholders While Managing Reputational Risks; and (4) Maintain Efficient Growth and Development.

DFC OIG contracted with the independent public accounting firm RMA Associates, LLC (RMA) to audit the consolidated financial statements of the United States International Development Finance Corporation (DFC) for the fiscal years ended September 30, 2023 and 2022, report oninternal control over financial reporting, and report on compliance with laws and other matters. The contract required the audit to be performed in accordance with U.S. generally accepted auditing standards, Office of Management and Budget audit guidance, and the Government Accountability Office’s and Council of the Inspectors General on Integrity and Efficiency’s Financial Audit Manual.

Each year, in compliance with Public Law 106-531, the Reports Consolidation Act of 2000, the U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), issues a report summarizing what we consider the most serious management challenges facing the Department.