Quality Control Review for the Surface Transportation Board’s Audited Consolidated Financial Statements for Fiscal Year 2016
This report presents the results of our quality control review (QCR) of the Surface Transportation Board’s audited consolidated financial statements for fiscal year 2016. Leon Snead & Company, P.C. of Rockville, MD, completed the audit of STB’s financial statements as of and for the year ended September 30, 2016 under contract to the Office of Inspector General. Leon Snead concluded that the financial statements present fairly, in all material respects, STB’s financial position as of September 30, 2016, and the related net cost, changes in net position, and budgetary resources, for the year ended, in conformity with U.S. generally accepted accounting principles. We performed a QCR of Leon Snead’s report and related documentation and found no instances in which Leon Snead did not comply, in all material respects, with generally accepted Government auditing standards.