What We Looked At
We contracted with the independent public accounting firm Leon Snead & Company, P.C., to audit the Surface Transportation Board’s (STB) financial statements as of and for the fiscal years ended September 30, 2019, and September 30, 2018, and to report on internal control over financial reporting and compliance with laws and other matters. The contract requires the audit to 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 12, 2019, and 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 concurred with Leon Snead’s three recommendations. We agree with Leon Snead’s recommendations and are not making any additional recommendations.