Federal Reports

The Office of the Inspector General is required by the Federal Information Security Modernization Act of 2014 (FISMA) to conduct an annual independent evaluation that determines the effectiveness of the information security program (ISP) and practices of its respective agency. Our objective was to evaluate the Tennessee Valley Authority’s ISP and practices as defined by the FY 2021 IG FISMA Reporting Metrics Version 1.1. Our audit scope was limited to answering the FY 2021 IG FISMA metrics developed as a collaborative effort by the Office of Management and Budget, Department of Homeland Security, and Council of Inspector Generals on Integrity and Efficiency in consultation with the Federal Chief Information Officer Council. The FY 2021 IG FISMA metrics recommend a majority of the functions be at a maturity level 4 (managed and measurable) or higher to be considered effective. Based on our analysis of the metrics and associated maturity levels defined with the IG FISMA metrics, we found TVA’s ISP was operating in an effective manner.

We found the EPA’s financial statements to be fairly presented and free of material misstatement.

What We Looked AtWe contracted with the independent public accounting firm KPMG LLP to audit the Department of Transportation's (DOT) consolidated financial statements as of and for the fiscal years ended September 30, 2021, and September 30, 2020. KPMG was required to provide an opinion on those financial statements, report on internal control over financial reporting, and report on compliance with laws and other matters. The contract also required KPMG to perform the audit in accordance with U.S. generally accepted Government auditing standards, Office of Management and Budget audit guidance, and the Governmental Accountability Office's and Council of the Inspectors General on Integrity and Efficiency's Financial Audit Manual. We performed a quality control review of KPMG's report dated November 12, 2021, and related documentation, and inquired of its representatives.What We FoundOur quality control review disclosed no instances in which KPMG did not comply, in all material respects, with U.S. generally accepted Government auditing standards.RecommendationsDOT concurred with KPMG's seven recommendations. We agree with KPMG's recommendations and are not making any additional recommendations.

Attached is a copy of the U.S. International Development Finance Corporation Office of Inspector General (DFC OIG) Semiannual Report to Congress (SARC) for the reporting period April 1, 2021 through September 30, 2021. This report is submitted in accordance with the requirements of Section 5 of the Inspector General Act of 1978, as amended. August 2021 marked the one-year anniversary of DFC Inspector General Tony Zakel and we have made many strides. Foremost was onboarding experienced leaders and employees to support our oversight mission to ensure America’s international development finance initiatives are implemented and managed without instances of fraud, waste, abuse, and mismanagement. A description of our activities and the results of our efforts are provided in the report. We extend our appreciation to the U.S. Agency for International Development OIG for its continued support as we become fully operational.

National Credit Union Administration (NCUA) Office of Inspector General (OIG) Semiannual Report to the NCUA Board and the Congress highlighting our accomplishments and ongoing work for the 6-month period ending September 30, 2021.