November 15, 2018
Required by the Accountability of Tax Dollars Act of 2002
Quality Control Review of the Independent Auditor’s Report on the Surface Transportation Board’s Audited Financial Statements for Fiscal Years 2018 and 2017
What We Looked At
We contracted with the independent public accounting firm of Leon Snead & Company, PC to audit the Surface Transportation Board’s (STB) 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 Leon Snead’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 Leon Snead did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
STB concurs with Leon Snead’s five recommendations.