In accordance with the Chief Financial Officers Act of 1990, we are initiating an audit of the Department of Transportation’s (DOT) consolidated financial statements for fiscal years 2023 and 2022. The objective of this audit will be to express an opinion on whether DOT’s financial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States. We have engaged KPMG, LLP, an independent public accounting firm, to conduct this audit subject to our oversight.
KPMG will conduct its work in accordance with generally accepted Government auditing standards and the Office of Management and Budget’s (OMB) Bulletin 22-01, Audit Requirements for Federal Financial Statements. The work will be done at DOT Headquarters in Washington, DC, and selected field offices. The audit report is due to OMB, the Department of the Treasury, and the Government Accountability Office by November 15, 2023.