Federal Reports

We contracted with the independent public accounting firm Sikich CPA LLC to audit the financial statements of Ginnie Mae as of and for the years ending September 30, 2025 and 2024, and to provide reports on Ginnie Mae’s (1) internal control over financial reporting and (2) compliance with laws, regulations, contracts, and grant agreements and other matters. Our contract with Sikich required that the audit be performed in accordance with U.S. generally accepted auditing standards, Office of Management and Budget audit requirements, and the Financial Audit Manual of the U.S. Government Accountability Office and the Council of the Inspectors General on Integrity and Efficiency. 

In its audit of Ginnie Mae, Sikich reported 

• That Ginnie Mae’s financial statements as of and for the fiscal years ending September 30, 2025 and 2024, were presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles.
• No material weaknesses or significant deficiencies for fiscal year 2025 in internal control over financial reporting, based on limited procedures performed.
• No reportable noncompliance for fiscal year 2025 with provisions of applicable laws, regulations, contracts, and grant agreements or other matters. 

 In connection with the contract, we reviewed Sikich’s reports and related documentation and questioned its representatives. Our review, as differentiated from an audit of the financial statements in accordance with U.S. generally accepted government auditing standards, was not intended to enable us to express and we do not express opinions on Ginnie Mae’s financial statements or conclusions about (1) the effectiveness of Ginnie Mae’s internal control over financial reporting and (2) Ginnie Mae’s compliance with laws, regulations, contracts, and grant agreements or other matters. Sikich is responsible for the attached Independent Auditors’ Report, dated December 18, 2025, and the conclusions expressed therein. Our review disclosed no instances in which Sikich did not comply, in all material respects, with U.S. generally accepted government auditing standards.

 When Ginnie Mae publishes its Annual Report, we will update this post to include this report and a link to Ginnie Mae's audited financial statements.

Opinion on the Reclassified Financial Statements

We have audited the accompanying Reclassified Financial Statements of the U.S. Postal Service, which comprises the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Reconciliation Report -Reclassified Balance Sheet as of September 30, 2025, and the related GTAS Reconciliation Reports -Reclassified Statement of Net Cost and Reclassified Statement of Operations and Changes in Net Position, for the year then ended (hereinafter referred to as the Reclassified Financial Statements) and accompanying Note 36. In our opinion, the Reclassified Financial Statements referred to above present fairly, in all material respects, the financial position of the Postal Service as of September 30, 2025, and its net costs and changes in net position for the year then ended in accordance with United States (U.S.) Generally Accepted Accounting Principles (GAAP).

Basis for Opinion

We conducted our audit in accordance with the standards applicable to financial audits contained in the U.S. Government Auditing Standards, issued by the Comptroller General of the U.S., and Office of Management and Budget (0MB) Bulletin Number 24-02, Audit Requirements for Federal Financial Statements. Our responsibilities under those standards are further described in the Auditor's Responsibility section. We are required to be independent of the Postal Service and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence.

The FCC financial statements were fairly presented in all material respects, in conformity with U.S. generally accepted accounting principles. In addition, Kearney did not find any reportable instances of noncompliance with laws, regulations, and contracts applicable to FCC. The report includes two significant deficiencies with 28 recommendations for improvement. 

For Oversight reporting, the FCC financial Statements (25-AUD-06-01) reported 1 recommendation and 27 recommendations for FISMA (25-EVAL-04-01).

This reports the results of the FEC's FY 25 Financial Statement Audit