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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Federal Housing Finance Agency
The Division of Federal Home Loan Bank Regulation Needs to Improve Controls Over Internal Model Risk
The Office of Inspector General (OIG) initiated this review to identify AbilityOne Program data generated or maintained by Central Nonprofit Agencies (CNA) and/or Nonprofit Agencies (NPA), that is not currently available to the U.S. AbilityOne Commission (Commission).
The evaluation team reviewed and analyzed the new 2024 Cooperative Agreements between the Commission and CNAs, as well as Commission policies and procedures related to data collection and reporting.
The OIG found no data had been collected in the new electronic systems at the time of our re-view. Based on the updated Cooperative Agreements between the Commission and CNAs, the Commission anticipates having access to relevant program data and the new CNA electronic data systems October 1, 2025. The Commission stated it anticipates collecting data using the new electronic systems for approximately one year so that they have enough data points to ensure they are receiving the appropriate data and identifying various trends and patterns within the data.
Through this evaluation, the OIG observed that if the Commission wants to meet its deadline of implementing the electronic data collection and data dashboard by October 1, 2025, it needed to improve communication with DWG. Specifically, clear communication between the Commission and DWG is needed to ensure that relevant data is displayed on the dashboards once they are created.
The OIG has no specific recommendations associated with this report.
Under a contract monitored by this office, the Office of the Inspector General engaged Castro, an independent public accounting firm, to perform theFiscal Year 2025 Independent Evaluation of the Smithsonian Institution’s Information Security Program.
Smithsonian Enterprises (SE) oversees the majority of the revenue-generating operations of the Smithsonian Institution (Smithsonian). It is an essential source of unrestricted funds— monies without donor-imposed or legal restrictions on their use. SE provides unrestricted funds to the Smithsonian through the operation of revenue-generating activities. In SE's fiscal year (FY) 2023, SE generated $150.8 million in net revenue, including more than $63 million from 32 retail stores, approximately $10.7 million of which were cash transactions.
OIG made four recommendations for Smithsonian Enterprises management to improve compliance with policies and procedures related to document retention, audits over cash management, system access for separated employees, and discounts. Management concurred with all four recommendations.
The independent public accounting firm of RMA Associates, LLC, under contract with the Office of Inspector General, audited EAC’s information security program for fiscal year 2025 in support of the Federal Information Security Modernization Act of 2014 (FISMA). The objective was to determine whether EAC implemented an effective information security program.