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Quality Control Review of the Management Letter for the National Transportation Safety Board’s Audited Financial Statements for Fiscal Years 2020 and 2019

Required by the Accountability of Tax Dollars Act of 2002
Project ID: 
QC2021016
What We Looked At
This report presents the results of our quality control review (QCR) of Allmond & Company, LLC’s management letter regarding the audit it conducted, under contract with us, of the National Transportation Safety Board’s (NTSB) financial statements for fiscal years 2020 and 2019. In addition to its audit report on NTSB’s financial statements, Allmond issued a management letter that discusses internal control matters that it was not required to include in its audit report.
 
What We Found
Our QCR of the management letter disclosed no instances in which Allmond did not comply, in all material respects, with generally accepted Government auditing standards.
 
Recommendations
Allmond made eight recommendations in its management letter. NTSB concurred with all eight recommendations.

Recommendations

Open

Closed

No. 1 to NTSB

Redesign the agency's personnel action process to ensure that the submission of a Request for Personnel Action form immediately is processed promptly upon the notification of an employee's separation or termination.

No. 2 to NTSB

Redesign the agency's FPPS user termination process to require the completion and submission of a FPPS User Access Form to the service provider immediately upon separation of a FPPS user from the agency.

No. 3 to NTSB

NTSB perform a review of its Reimbursable Agreements Summary report to verify that the open balance amount for each agreement is correct.

No. 4 to NTSB

NTSB perform a review of agreements for which goods or service have been provided to ensure that billing and collection procedures have been completed or initiated

No. 5 to NTSB

NTSB record an accrual for earned revenue that has not been collected as of the end of the reporting period.

No. 6 to NTSB

Perform a review of the user's system access immediately after each OFF User Access Form is processed by DOI IBC to ensure that only the permissions requested were granted.

No. 7 to NTSB

Redesign the OFF quarterly review process to include areview of each employee's system permissions to verify that all users' access permissions granted do not exceed the permissions requested and least privilege guidelines.

No. 8 to NTSB

We recommend that the Office of Chief Financial Officer (OCFO) enhance its existing internal control procedures over the review and approval of journal vouchers to ensure that the basic pay data used to compute imputed costs is complete and accurate and all cost factors are included in the calculation.