Federal Reports

Audit of the FY 2021 Financial Statements

What We Looked AtWe contracted with the independent public accounting firm Harper Rains Knight & Company, PA (HRK), to audit the National Transportation Safety Board’s (NTSB) financial statements as of and for the fiscal year ended September 30, 2021; provide an opinion on those financial statements; and report on internal control over financial reporting, compliance with laws, and other matters. The contract required the audit to be performed in accordance with U.S. generally accepted Government auditing standards, Office of Management and Budget audit guidance, and the Government Accountability Office’s and Council of the Inspectors General on Integrity and Efficiency’s Financial Audit Manual. We performed a quality control review (QCR) of HRK’s report dated November 5, 2021, and related documentation, and inquired of its representatives. What We FoundOur QCR disclosed no instances in which HRK did not comply, in all material respects, with U.S. generally accepted Government auditing standards. RecommendationsHRK made no recommendations.

Independent Auditor's Report and Financial Statements for the Fiscal Years Ended September 30, 2021 and 2020

The Reports Consolidation Act of 2000 requires each inspector general to prepare an annual statement summarizing what the inspector general considers to be “the most serious management and performance challenges facing the agency” and to briefly assess the agency’s progress in addressing those challenges.After robust research and analysis, the EPA OIG identified seven top management challenges that we believe represent the EPA’s greatest vulnerabilities to waste, fraud, abuse, and mismanagement and the EPA’s most significant barriers to accomplishing its mission during fiscal year 2022. In addition to three challenges retained from our previous top management challenges report, which we reshaped and refocused into two, we identified five new top challenges that focus on emerging or increased environmental and operational threats. These seven top challenges reflect overarching issues that affect multiple EPA programs and responsibilities and that may prevent the Agency from efficiently and effectively protecting human health and the environment:Mitigating the Causes and Adapting to the Impacts of Climate Change. The EPA must take a leadership role in limiting climate change and mitigating its effect on human health and the environment.Integrating and Leading Environmental Justice Across the Agency and Government. As part of its effort to integrate environmental justice across its programs, the EPA must address the environmental hazards and cumulative risk facing at-risk communities and effectively communicate that risk to those communities.Ensuring the Safe Use of Chemicals. The EPA must develop timely and accurate chemical risk assessments to identify acceptable exposure levels for humans and the environment.Safeguarding Scientific Integrity Principles. Science-based decisions at the EPA must be based on principles of scientific integrity to ensure that human health and the environment are protected by using the best-available science.Ensuring Information Technology and Systems Are Protected Against Cyberthreats. Information technology is a fundamental and essential resource for the EPA to carry out its mission.Managing Infrastructure Funding and Business Operations. The EPA must effectively oversee the funding and operation of America's water, wastewater, and other environmental infrastructure.Enforcing Environmental Laws and Regulations. Through enforcement, the EPA ensures that regulated entities are following environmental laws and will continue to do so, as enforcement actions effectively deter future noncompliance.