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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Federal Trade Commission
Report on Audit of the FTC’s Fiscal Year 2025 Financial Statements
The Office of Inspector General contracted with the independent public accounting firm Ernst & Young LLP to audit NASA’s fiscal year 2025 financial statements. The audit results found the financial statements presented fairly, in all material respects, the financial position and results of NASA’s operations.
Quality Control Review of the Independent Auditors' Report on the Department of Transportation's Audited Consolidated Financial Statements for Fiscal Year 2025
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 year ended September 30, 2025. We reviewed KPMG's report, dated January 14, 2026, and related documentation.
About This ReportWe contracted with the independent public accounting firm KPMG 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:
Weaknesses in General Information Technology Controls.
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.
Quality Control Review of the Independent Auditor's Report on the Federal Aviation Administration's Audited Consolidated Financial Statements for Fiscal Year 2025
Our Objective(s)To perform a quality control review (QCR) of KPMG, LLP's audit of the Federal Aviation Administration's (FAA) financial statements as of and for the fiscal year ended September 30, 2025. We reviewed KPMG's report, dated January 13, 2026, and related documentation.
About This ReportWe contracted with the independent public accounting firm KPMG, LLP to audit FAA'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, KPMG, found two significant deficiencies in FAA's internal controls over financial reporting:
Weakness in the non-letter of intent grant accrual estimate methodology, and
Weakness in the accounting for Category C (future fiscal years) apportionments.
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 four recommendations to help strengthen FAA's internal controls.
