Federal Reports

The objective of our inspection was to determine whether Southern New Hampshire University (SNHU) reported verifiable data to IPEDS for the 2021–2022 reporting period. We found that SNHU did not always report verifiable data in the Student Financial Aid, Graduation Rates, and Institutional Characteristic Surveys to IPEDS for the 2021–2022 reporting period because it did not update and implement procedures for collecting, consolidating, assessing the reliability of, and reporting data to IPEDS. Because the data that SNHU reported to IPEDS were not always verifiable, its published net price, graduation rate, and cost of attendance for the 2021–2022 reporting period were unreliable. Prospective students and their parents might have made enrollment decisions based on this unreliable information. We made five recommendations to the Chief Operating Officer for Federal Student Aid and the Commissioner of the Department’s National Center for Education Statistics to address these issues. 

This is the first report of the fiscal year 2025 financial statements audit of the Smithsonian Institution and provides results of the Smithsonian Enterprises Net Gain review for fiscal year 2025 performed by the independent public accounting firm of KPMG LLP.

Our Objective(s)To perform a quality control review (QCR) of KPMG LLP's audit of the Department of Transportation's consolidated financial statements as of and for the fiscal year ended September 30, 2025. We reviewed KPMG's report, dated January 14, 2026, and related documentation.
About This ReportWe contracted with the independent public accounting firm KPMG to audit DOT's consolidated financial statements, provide an opinion on those financial statements, report on internal control over financial reporting, and report on compliance with laws and other matters.
What We FoundThe independent auditor, KPMG, found one significant deficiency in DOT's IT internal controls over financial reporting:

Weaknesses in General Information Technology Controls.

Our QCR disclosed no instances in which KPMG did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
RecommendationsWe agree with KPMG's three recommendations to help strengthen DOT's General Information Technology Controls.

Our Objective(s)To perform a quality control review (QCR) of KPMG, LLP's audit of the Federal Aviation Administration's (FAA) financial statements as of and for the fiscal year ended September 30, 2025. We reviewed KPMG's report, dated January 13, 2026, and related documentation.
About This ReportWe contracted with the independent public accounting firm KPMG, LLP to audit FAA's financial statements, provide an opinion on those financial statements, report on internal control over financial reporting, and report on compliance with laws and other matters.
What We FoundThe independent auditor, KPMG, found two significant deficiencies in FAA's internal controls over financial reporting:

Weakness in the non-letter of intent grant accrual estimate methodology, and
Weakness in the accounting for Category C (future fiscal years) apportionments.

Our QCR disclosed no instances in which KPMG did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
RecommendationsWe agree with KPMG's four recommendations to help strengthen FAA's internal controls.

The independent public accounting firm of Allmond & Company, LLC, under contract with the Office of Inspector General, audited Help America Vote Act (HAVA) grants administered by the Utah Lieutenant Governor’s Office, totaling $15.3 million. This included federal funds, state matching funds, and interest income earned on the reissued Section 251 and Election Security grants.

Report on Audit of the FTC’s Fiscal Year 2025 Financial Statements