Federal Reports

Allmond & Company rendered an unmodified opinion on the CSB’s financial statements for the CSB’s financial fiscal years 2022 and 2021, meaning that the statements were fairly presented and free of material misstatements.

Allmond & Company rendered an unmodified opinion on the CSB’s financial statements for the CSB’s financial fiscal years 2022 and 2021, meaning that the statements were fairly presented and free of material misstatements.

The Office of the Inspector General (OIG) performed the procedures, which were requested and agreed to by Tennessee Valley Authority (TVA) management solely to assist management in determining the validity of the Winning Performance/Executive Annual Incentive Plan (WP) Measures for fiscal year (FY) ending September 30, 2022. TVA management is responsible for the WP Measures data provided. In summary, procedures applied by the OIG found: • The FY 2022 WP goals for the Enterprise measures were properly approved. There was one change form that affected one measure.• The FY 2022 goals (target) for the corporate multiplier measures were properly approved. • The actual FY to-date results for the Enterprise measures agreed with the underlying support, without exception.• The actual FY to-date results for the corporate multiplier measures agreed with the underlying support, without exception.• The FY 2022 WP payout percentage provided by the Benchmarking and Enterprise Performance organization on November 9, 2022, was mathematically accurate and agreed with the OIG’s recalculation.

MEMORANDUM FOR DEPARTMENT OF DEFENSE LEAD INSPECTOR GENERAL

KPMG LLP conducted an audit of the U.S. Department of the Interior's financial statements for fiscal years 2022 and 2021. KPMG found the following:• The financial statements were fairly presented, in all material respects, in accordance with U.S. generally accepted accounting principles.• One material weakness on controls over construction in progress and one significant deficiency in entity-level controls. • No instances in which the DOI's financial management systems did not comply substantially with the requirements of FFMIA.• No reportable noncompliance with provisions of laws tested or other matters.We reviewed KPMG's work and found no instances where KPMG did not comply, in all material respects, with U.S. generally accepted government auditing standards.

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, 2022, and September 30, 2021. 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 Government 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 10, 2022, 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.Our RecommendationsKPMG made no recommendations.

What We Looked AtIn accordance with the Government Corporation Control Act of 1945, we audited the financial statements of the Great Lakes St. Lawrence Seaway Development Corporation (GLS), a U.S. Government Corporation, as of and for the fiscal years ended September 30, 2022, and September 30, 2021. What We FoundIn our opinion, GLS’s financial statements present fairly, in all material respects, the Agency’s financial position as of September 30, 2022, and September 30, 2021, and its operations and changes in cumulative results of operations, cash flows, budgetary resources and actual expenses, and changes in equity of the U.S. Government for the years then ended, in accordance with U.S. generally accepted accounting principles. We found no material weaknesses in internal control over financial reporting based on the limited procedures we performed. We also found no reportable noncompliance for fiscal year 2022, with provisions of the applicable laws, regulations, and contracts we tested. RecommendationsWe are making no recommendations.

This audit report shows Kearney found that the financial statements were fairly presented in all material respects, in conformity with U.S. lly accepted accounting principles. However, Kearney identified several deficiencies in information technology (IT) controls forFCC and Universal Service Fund (USF). Kearney deemed the aggregate of the IT controldeficiencies to be a significant deficiency in internal controls over financial reporting.

The OIG identified the top management and performance challenges (TMPC) for FY 2022 facing the U.S. AbilityOne Commission as: 1) Implementation of the Strategic Plan a) Modernization and Enhancement of Oversight of NPA Compliance b) Implementation of new Cooperative Agreements with Central Nonprofit Agencies c) Successful Implementation of the Section 898 Panel Recommendations d) Use of an Enterprise-wide Risk Management (ERM) Framework 2) Enhancement of Program Compliance (as currently executed, before implementation of the new Strategic Plan, as well as new challenges as a result of the Strategic Plan) 3) Breakdowns in Internal Control over Financial Management and Reporting 4) Growing List of Unimplemented OIG Audit Recommendations. Appendices: - Appendix A Watch Item: Program Growth and Resulting Risk - Appendix B - Removal of Watch Items: Accessibility - Appendix C - Removal of Top Challenges: 1) Higher Level of Transparency Needed to Enhance Program Confidence 2) Implementation of Cooperative Agreements with CNAs (as they existed before the Commission issued its new Strategic Plan) 3) Program Erosion - Appendix D – 898 Panel Recommendations for Commission action. OIG provided a draft of the report to Commission management, whose comments on the new challenges and on the Commission’s progress in each challenge area have been considered for incorporation into the final version.