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Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
National Credit Union Administration
Audit of the NCUA's Closing Package Schedule of Other Assets and Contributed Capital as of September 30, 2017
Under a contract monitored by NCUA OIG, KPMG, an independent certified public accounting firm, performed an audit of NCUA’s closing package schedule as of September 30, 2017. KPMG’s audit report for the FY 2017 Consolidated Financial Statements of the U. S. Government includes an opinion on the closing package schedule, internal control over financial reporting specific to the closing package financial statements, and compliance and other matters specific to the closing package schedule.
This report transmits KPMG LLP’s report on its financial statement audit of the NCUA financial statements for the Temporary Corporate Credit Union Stabilization Fund (TCCUSF), which comprise the balance sheets as of September 30, 2017 and December 31, 2016, and the related statements of net cost, changes in net position, and combined statements of budgetary resources for the periods then ended, and the related notes to the financial statements. On September 28, 2017, the NCUA Board voted unanimously to close the TCCUSF effective October 1, 2017, ahead of its sunset date of June 30, 2021.
