Audit Reports

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November 13, 2018

Quality Control Review of the Independent Auditor’s Report on the National Transportation Safety Board’s Financial Statements for Fiscal Years 2018 and 2017

Required by the Accountability of Tax Dollars Act of 2002
Project ID: 
QC2019007
View PDF Document
What We Looked At
We contracted with the independent public accounting firm of Allmond & Company, LLC to audit the National Transportation Safety Board’s (NTSB) financial statements as of and for the fiscal years ended September 30, 2018, and September 30, 2017, and to provide a report on internal control over financial reporting and compliance with laws and other matters. The contract required that the audit be performed in accordance with U.S. generally accepted Government auditing standards, Office of Management and Budget audit guidance, and the Governmental Accountability Office’s and Council of the Inspectors General on Integrity and Efficiency’s Financial Audit Manual. In connection with the contract, we performed a quality control review of Allmond’s report dated November 6, 2018, related documentation, and inquired of its representatives.
 
What We Found
Our quality control review disclosed no instances in which Allmond did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
 
Recommendations
NTSB concurred with Allmond’s two recommendations.

Recommendations

Open

Closed

Closed on 09.18.2019
No. 1 to NTSB

Allmond recommends that NTSB management redesign its provisioning process to require that when access is modified a new system access request form is completed to reflect this change.

Closed on 09.18.2019
No. 2 to NTSB

Allmond recommends NTSB require the completion and submission of an Oracle Federal Financial (OFF) User Access Form to the service provider immediately upon separation of an OFF user from the agency and monitor agency separations on a weekly basis to align with user access termination policies in place for other agency information systems.