Federal Reports

The audit objectives were to determine whether program funds were managed in accordance with the ARC and Federal grant requirements.

We rendered a qualified opinion on the EPA's fiscal years 2022 and 2021 Toxic Substances Control Act, or TSCA, Service Fee Fund financial statements, meaning that, except for material errors in expenses and income from other appropriations and earned and unearned revenue, the statements were fairly presented. We noted two material weaknesses: the EPA materially understated TSCA income and expenses from other appropriations, and the EPA materially misstated TSCA

earned and unearned revenue. We noted one significant deficiency: the EPA needs to improve its financial statement preparation process.

As part of its 10-year Delivering for America plan, the Postal Service plans to acquire 106,480 new delivery vehicles, including electric vehicles, between fiscal years 2023 and 2028. The investment in new vehicles will necessitate the replacement and disposal of many long-life vehicles (LLV), which may generate additional revenues. Thus, it is crucial for the Postal Service to establish and maintain internal controls over its evolving disposal processes to mitigate security and financial risks as the 10-Year Plan unfolds.