Quality Control Review of the Department of Transportation’s Audited Consolidated Financial Statements for Fiscal Years 2016 and 2015
This report presents the results of our quality control review (QCR) of the Department of Transportation’s (DOT) audited consolidated financial statements for fiscal years 2016 and 2015. KPMG LLP, under contract to the Office of the Inspector General, issued a clean (unmodified) audit opinion on DOT’s consolidated financial statements. KPMG LLP reported two material weaknesses and two significant deficiencies in internal control over financial reporting. KPMG LLP also reported two instances of reportable noncompliance with the laws and regulations tested. Our QCR disclosed no instances in which KPMG LLP did not comply, in all material respects, with auditing standards.