Federal Reports

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.

Our objective was to determine whether Postal Service payments to contract cleaners were valid, timely, and made in compliance with Postal Service payment policy.

Management Letter for the FY 2021 Financial Statement Audit