Quality Control Review of NTSB's FY08 and FY07 Financial Statements
On November 12, 2008, we issued a quality control report on the audit of the National Transportation Safety Board’s fiscal years 2008 and 2007 financial statements. Leon Snead & Company, P.C., under contract to us and under our supervision, issued a clean (unqualified) audit opinion but reported one material weakness on controls over financial reporting, and a significant deficiency in cost accounting. Complete financial statements will be included in NTSB’s Performance and Accountability Report, which will also contains a copy of the Leon Snead report. This page will be updated when the link is available.