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Quality Control Review of the Management Letter for the National Transportation Safety Board’s Audited Financial Statements for Fiscal Years 2017 and 2016

Required by the Accountability of Tax Dollars Act of 2002
Project ID: 
QC2018025

What We Looked At

This report presents the results of our quality control review (QCR) of Allmond & Company, LLC’s (Allmond) management letter related to the audit it conducted, under contract with us, of the National Transportation Safety Board’s (NTSB) financial statements for fiscal years 2017 and 2016. In addition to its audit report on NTSB’s financial statements, Allmond issued a management letter that discusses two internal control matters that it was not required to include in its audit report.

What We Found

Our QCR of Allmond’s management letter disclosed no instances in which Allmond did not comply, in all material respects, with generally accepted Government auditing standards.

Recommendations

Allmond made two recommendations in its management letter. NTSB concurred with both recommendations.

Recommendations

Open

Closed

Closed on 12.19.2018
No. 1 to NTSB

Allmond recommends NTSB enhance current policies and procedures over the review of year-end accruals by including a look-back analysis which compares disbursements made early in the subsequent fiscal year to the accrual estimated through the current process in order to identify items which should be included in its year-end accrual. In addition, if significant differences are identified, determine the appropriate corrective action necessary to increase the accuracy of its accrual estimation process.

No. 2 to NTSB

Almond recommends that NTSB redesign the provisioning process to include that the system access request accurately describes the access required for each user and that when access is modified a new system access request form is completed to reflect this change.