Federal Reports

Ever since Congress created the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) under the Emergency Economic Stabilization Act (EESA), SIGTARP has delivered for American taxpayers by performing both law enforcement and oversight functions. As a law enforcement office, SIGTARP has a proven record of identifying and investigating fraud and other crime. SIGTARP investigations have resulted in the recovery of over $11.4 billion, criminal prosecutions by the Department of Justice and others of 476 defendants—328 of them sentenced to prison, including 75 bankers. Our investigations have also resulted in enforcement actions against 25 corporations/entities, including enforcement actions against many of the largest U.S. financial institutions. As an independent watchdog, SIGTARP’s audits and evaluations consistently identified fraud, waste, abuse, ineffectiveness, inefficiency, and risk in EESA programs, and brought transparency to EESA. The Home Affordable Modification Program (HAMP) ended on April 28, 2023. According to April 2023 data, HAMP is still providing much needed foreclosure relief to more than 550,000 participating homeowners in all 50 states. The Department of the Treasury paid $124.7 million in fiscal year 2023, including a $1.8 million true-up payment made before the program closed. SIGTARP's investigations into the HAMP program have protected consumers seeking access to HAMP and who subsequently became the victims of scams. To date, SIGTARP has brought to justice 121 convicted scammers.

Williams, Adley & Company – DC, LLP (Williams Adley), under contract with the Department of Homeland Security Office of Inspector General, issued an Independent Accountant’s Report on the U.S. Customs and Border Protection’s (CBP) Detailed Accounting Report. CBP’s management prepared the Table of FY 2023 Drug Control Obligations and related assertions to comply with the requirements of the ONDCP Circular, National Drug Control Program Agency Compliance Reviews, dated September 9, 2021.

We have completed a review of DOI’s progress in implementing our past audit recommendations addressing Government charge card internal controls.

A contractor agreed to reimburse Amtrak $771,813 for overbilling base labor and overhead rates on contracts that required the use of actual labor and indirect cost rates. The contractor voluntarily self-reported the overbilling to our office on July 26, 2022, after conducting internal audits related to two prior OIG investigations. On January 30, 2024, the contractor resolved these billing issues with Amtrak, covering overbilling on 22 contracts during the period from 2016 to 2022.

Review of the FLRA's Compliance with the Payment Intregity Information Act of 2019 for Fiscal Year 2023

What We Looked At This report presents the results of our quality control review of Allmond & Company LLC’s (Allmond) management letter for its audit, conducted under contract with us, of the Great Lakes St. Lawrence Seaway Development Corporation’s (GLS) financial statements for fiscal year 2023. The management letter discusses two internal control matters that Allmond was not required to include in its audit report. What We Found Our quality control review of the management letter disclosed no instances in which Allmond did not comply, in all material respects, with U.S. generally accepted Government auditing standards. Our Recommendations Allmond made two recommendations in its management letter. GLS concurred with both recommendations.