Federal Reports

The audit concluded that the Peace Corps’ financial statements were fairly presented, in all material respects, in accordance with Generally Accepted Accounting Principles (GAAP), and noted two significant deficiencies in the agency’s internal control over financial reporting, as well as one instance of reportable noncompliance related to provisions of applicable laws, regulations, contracts, and grant agreements.

Audit of the Railroad Retirement Board’s RUIA Experience Rating Process

Our objective for this report was to assess the company’s efforts to support the project and oversee its interests as the project advances.

We found that Amtrak has made notable progress meeting its near-term obligations for the Hudson Tunnel Project, but the company could reduce its risks and help improve overall project performance by clarifying its role with external partners, engaging all relevant internal stakeholders, and strengthening its document management system.

To help improve overall project performance while safeguarding its interests, we recommend that the Amtrak 1) assess where interpretations of its role on the project may differ from its project partners and take steps to remedy those differences, 2) work with GDC to ensure the company has adequate, ongoing visibility into project risks on the construction packages it is not leading ,3) identify all necessary internal support activities and assign accountability for each, and 4) finalize its internal project document management system and procedures. 

This report provides an overview of the work of the Office of Inspector General during the period of April 1, 2025 through September 30, 2025.