Federal Reports

Our Objective(s)To perform a quality control review (QCR) of Allmond & Company, LLC's audit of the Surface Transportation Board's (STB) financial statements as of and for the fiscal year ended September 30, 2025. We reviewed Allmond's report, dated January 7, 2026, and related documentation.
About This ReportWe contracted with the independent public accounting firm Allmond & Company, LLC, to audit STB'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, Allmond, found one material weakness and four significant deficiencies in STB's internal controls over financial reporting.

Internal controls over preparing, reviewing, and approving journal entries recorded in the general ledger need improvement.
Control activities performed to prepare and review the interim financial statements and footnotes were not adequately designed and implemented.
Employee benefit election forms were not maintained per Office of Personnel Management requirements.
Internal controls over the monitoring and review of open obligations need improvement.
Internal controls for estimating and recording accrued liabilities in the general ledger need improvement.

Our QCR disclosed no instances in which Allmond did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
RecommendationsWe agree with Allmond's 18 recommendations to help strengthen STB's internal controls.

Our Objective(s)To perform a quality control review (QCR) of Allmond & Company, LLC's audit of the National Transportation Safety Board's (NTSB) financial statements as of and for the fiscal year ended September 30, 2025. We reviewed Allmond's report, dated January 7, 2026, and related documentation.
About This ReportWe contracted with the independent public accounting firm Allmond & Company, LLC, to audit NTSB'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, Allmond, found no material weaknesses in internal control over financial reporting.
Our QCR disclosed no instances in which Allmond did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
RecommendationsAllmond made no recommendations.

Why We Did This Report

The U.S. Environmental Protection Agency Office of Inspector General conducted this evaluation to determine the U.S. Virgin Islands’ capacity to manage and use Infrastructure Investment and Jobs Act funds for clean water and drinking water infrastructure improvements.
 

Summary of Findings

The U.S. Virgin Islands, or USVI, has the financial capacity to manage and use its Infrastructure Investment and Jobs Act, or IIJA, funds. However, the USVI faces human capital-, organizational-, and stakeholder-related challenges that limit its capacity to manage and use its IIJA funds for clean water and drinking water construction grants.

Our Semiannual Report to Congress covering the period April 1 to September 30, 2025, highlights the OIG’s audit and investigative accomplishments during the past 6 months.

The Office of Inspector General is issuing this report to assess the U.S. Small Business Administration’s initial response to severe storms in Missouri and Kentucky, including staffing, customer service response, outreach, volume of loan applications, and timeliness of loan approvals.

We found that staffing levels were adequate, customers were satisfied with the customer service provided on-site, outreach was conducted promptly and in accordance with internal policy, and disaster loan applications were processed timely.

This report does not contain any recommendations, and the agency did not provide any comments.

USDA OIG'S objective was to evaluate aspects of the Plan of Action and Milestones process used to reduce
identified vulnerabilities.