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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Closeout Financial Audit of the Promoting Citizen Participation in the Electoral Process and Public Debate Project in El Salvador Managed by Fundacin Dr. Guillermo Manuel Ungo, Cooperative Agreement AID-519-A-17-00004, January 1, 2023, to May 31, 2024
Quality Control Review of the Independent Auditors' Report on the Department of Transportation's Audited Consolidated Financial Statements for Fiscal Years 2024 and 2023
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 years ended September 30, 2024, and September 30, 2023. We reviewed KPMG's report, dated November 12, 2024, and related documentation.
About This ReportWe contracted with the independent public accounting firm KPMG LLP 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.
KPMG found general information technology control deficiencies within various systems at the Federal Highway Administration and the Federal Aviation Administration.
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.
We rendered an unmodified opinion on the EPA's consolidated financial statements for fiscal years 2024 and 2023 (restated), meaning that they were fairly presented and free of material misstatement. However, we noted three material weaknesses and one significant deficiency. The most concerning material weakness the OIG identified is that the EPA used an existing rebate transaction type that was established to record the Clean School Bus rebate payments. This resulted in $828 million of rebate payments being recorded as expenses instead of advances
Allmond & Company rendered an unmodified opinion on the CSB's fiscal years 2024 and 2023 financial statements, meaning that the statements were fairly presented and free of material misstatements.
