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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
Board of Governors of the Federal Reserve System
The Board Should More Effectively Manage and Secure Its Inventory of Unassigned Laptops and Hard Drives Ready for Disposal
The U.S. Government Publishing Office, Office of the Inspector General, conducted an audit to assess the maturity of cybersecurity incident response capabilities for detection, analysis, and handling, Project Number A-2025-002.The OIG reported two findings and made three recommendations to improve cybersecurity incident response.
Audit of Federal Awards Performed in Accordance with Title 2 U.S. Code of Federal Regulations Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
This is the third and final report of the fiscal year 2025 financial statement audits of the Smithsonian Institution performed by the independent accounting firm of KPMG LLP.
Management Advisory: Sufficiency of the Naval Special Warfare Command’s Five Potential Solutions in the Traumatic Brain Injury Operational Deficiency Report
An Amtrak reservation sales agent based in Philadelphia, Pennsylvania, resigned from the company on March 30, 2026, while under investigation. Our investigation found that the former employee obtained passenger credit card information and used it to make purchases for himself, as well as booking Amtrak travel for associates. The former employee is not eligible for rehire.
We audited the Government National Mortgage Association’s (Ginnie Mae) management of its portfolio of federally guaranteed mortgage-backed securities (MBS). We initiated this audit because of our internal monitoring of the Ginnie Mae portfolio as well as the issuance of a Financial Stability Oversight Council report in 2024 on the rising risks presented by nonbank mortgage companies. Our audit objective was to assess Ginnie Mae's evaluation of nonbank issuer concentration risk.
Ginnie Mae’s portfolio experienced a rise in nonbank concentration risk. Specifically, a few nonbank mortgage companies hold a large percentage of Ginnie Mae’s portfolio of guaranteed MBS. However, Ginnie Mae does not formally assess whether the risk impacts its operations, existing internal controls, or its ability to meet its agency goals. If this continues, it could complicate Ginnie Mae’s ability to effectively monitor or respond to any failures of the largest nonbank mortgage companies.
We recommend that the President of Ginnie Mae perform an assessment of concentration risk and take appropriate action based on the results.
