Federal Reports

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 one significant deficiency with 27 recommendations for improvement.

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, 2024, 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, 2024, and its net costs and changes in net position for the year then ended in accordance with U.S. generally accepted accounting principles (GAAP).

Report on Audit of the FTC’s Fiscal Year 2024 Financial Statements

We contracted with the independent public accounting firm Ernst & Young LLP to audit NASA’s fiscal year 2024 financial statements. This audit resulted in a “clean” or unmodified opinion.