Federal Reports

This report is redacted.

This report is redacted.

The report identifies the major management challenges to programs and management functions within the Federal Election Commission.

We contracted with the independent public accounting firm of Sikich CPA LLC to audit the financial statements of FHA as of and for the fiscal years ending September 30, 2024 and 2023, and to provide reports on FHA’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 government 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 FHA, Sikich reported

That FHA’s financial statements as of and for the fiscal year ending September 30, 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 2024 in internal control over financial reporting, based on limited procedures performed.

No reportable noncompliance for fiscal year 2024 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 FHA’s financial statements or conclusions about (1) the effectiveness of FHA’s internal control over financial reporting and (2) FHA’s compliance with laws, regulations, contracts, and grant agreements or other matters.  Sikich is responsible for the attached Independent Auditors’ Report, dated November 13, 2024, 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.

FHA’s financial statements are included in FHA’s Annual Management Report, which can be found at FHAFY2024ANNUALMGMNTRPT.PDF.

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, 2024 and 2023, 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 year ending September 30, 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 2024 in internal control over financial reporting, based on limited procedures performed.

No reportable noncompliance for fiscal year 2024 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 November 13, 2024, 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.

The report description is: Under a contract monitored by the National Credit Union Administration (NCUA) Office of the Inspector General (OIG), KPMG, an independent certified public accounting firm, performed an audit of the NCUA’s schedule of investments; accounts receivables, net (other than intragovernmental); and other taxes and receipts as of September 30, 2024. KPMG conducted the audit in accordance with auditing standards generally accepted in the United States of America, in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, and in accordance with OMB Bulletin No. 24-02, Audit Requirements for Federal Financial Statements. Those standards and OMB Bulletin No. 24-02, require that KPMG plan and perform the audit to obtain reasonable assurance about whether the schedule is free from material misstatement. KPMG prepared the audit report for the purpose of providing financial information to the U.S. Department of Treasury and the U.S. Government Accountability Office to use in preparing and auditing the Financial Report of the U.S. Government. The report includes: (1) an opinion on the schedule, (2) internal control over financial reporting specific to the schedule, and (3) compliance and other matters specific to the schedule. In its audit, KPMG found: • The schedule presents fairly, in all material respects, the investments; accounts receivables, net (other than intragovernmental); and other taxes and receipts of the NCUA as of and for the period ended September 30, 2024, in accordance with U.S. generally accepted accounting principles. • There were no internal control deficiencies identified for the schedule considered to be material weaknesses; and • There were no instances of noncompliance or other matters required to be reported under Government Auditing Standards or OMB Bulletin No. 24-02.

In this year’s report, we identified three key challenges for NASA—improving the management of major programs and projects, partnering with commercial industry, and enabling mission critical capabilities and support services.

The Office of the Inspector General contracted with the independent certified public accounting firm Ernst & Young LLP to audit (1) the Social Security Administration’s (SSA) financial statements as of September 30, 2024 and 2023 and the related notes to the financial statements; (2) the sustainability financial statements, including the statements of social insurance as of January 1, 2024 and 2023 and the related notes to the sustainability financial statements; and (3) the statements of changes in social insurance amounts for the periods January 1, 2023 to January 1, 2024 and January 1, 2022 to January 1, 2023. We also contracted with Ernst & Young to provide an opinion on internal control over financial reporting and report on compliance and other matters. The contract requires that the audit be conducted in accordance with auditing standards generally accepted in the United States; Government Auditing Standards issued by the Comptroller General of the United States; and Office of Management and Budget (OMB) Bulletin No. 24-02, Audit Requirements for Federal Financial Statements. Those Standards and Bulletin require that Ernst & Young plan and perform the audits to obtain reasonable assurance about whether the financial statements are free from material misstatement and whether effective internal control over financial reporting was maintained in all material respects.

This letter transmits Ernst & Young’s Report of Independent Auditors.