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USDA: 'Security Over Web Applications'
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 50801-0017-12) on March 17, 2026 entitled "Security Over Web Applications."
Here are excerpts:
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DATE: March 17, 2026
INSPECTION NUMBER: 50801-0017-12
TO: Kimberly R. Jackson, Deputy Chief Information Officer, Office of the Chief Information Officer
ATTN: Sherry Golden, Audit Liaison Official, IT Policy and Audits Division, Office of the Chief Information Officer
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Security Over Web Applications
... Show Full Article
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 50801-0017-12) on March 17, 2026 entitled "Security Over Web Applications."
Here are excerpts:
* * *
DATE: March 17, 2026
INSPECTION NUMBER: 50801-0017-12
TO: Kimberly R. Jackson, Deputy Chief Information Officer, Office of the Chief Information Officer
ATTN: Sherry Golden, Audit Liaison Official, IT Policy and Audits Division, Office of the Chief Information Officer
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Security Over Web Applications
The Office of Inspector General performed an inspection of four mission areas within the U.S. Department of Agriculture (USDA) to determine if the USDA and its mission areas are effectively identifying and mitigating security vulnerabilities on their publicly accessible web applications and websites. To conduct our inspection, we: (1) reviewed vulnerability scanning policies and procedures for identifying and mitigating vulnerabilities; (2) performed vulnerability scanning of a select number of mission area websites; and (3) reviewed previous web vulnerability scan results. This report contains sensitive content. It is being withheld from public release due to concerns about the risk of circumvention of law.
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The report is posted at: https://usdaoig.oversight.gov/reports/inspection-evaluation/security-over-web-applications
USDA: 'Federal Crop Insurance Corporation/Risk Management Agency's Financial Statements for Fiscal Year 2025'
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 05403-0002-11) on Jan. 20, 2026 entitled "Federal Crop Insurance Corporation/Risk Management Agency's Financial Statements for Fiscal Year 2025."
Here are excerpts:
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DATE: January 22, 2026
AUDIT NUMBER: 05403-0002-11
TO: Patricia Swanson, Administrator, Risk Management Agency
Scott Royster, Chief Financial Officer, Farm Production and Conservation Business Center
ATTN: Christopher Simmons, Performance, Accountability, and Risk Division Director, Farm Production and Conservation
... Show Full Article
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 05403-0002-11) on Jan. 20, 2026 entitled "Federal Crop Insurance Corporation/Risk Management Agency's Financial Statements for Fiscal Year 2025."
Here are excerpts:
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DATE: January 22, 2026
AUDIT NUMBER: 05403-0002-11
TO: Patricia Swanson, Administrator, Risk Management Agency
Scott Royster, Chief Financial Officer, Farm Production and Conservation Business Center
ATTN: Christopher Simmons, Performance, Accountability, and Risk Division Director, Farm Production and ConservationBusiness Center
Aja Buckner, Acting Branch Chief for the External Audits and Investigations, Farm Production and Conservation Business Center
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Federal Crop Insurance Corporation/Risk Management Agency's Financial
Statements for Fiscal Year 2025
KPMG LLP, an independent certified public accounting firm, was engaged to audit the financial statements of Federal Crop Insurance Corporation/Risk Management Agency's (FCIC/RMA) as of and for the year ended September 30, 2025; to provide a report on internal controls over financial reporting; to report on whether FCIC/RMA's financial management systems did not comply substantially with the requirements of the Federal Financial Management Improvement Act of 1996 (FFMIA); and to report any reportable noncompliance with laws tested and other matters. The contract required that the audit be performed in accordance with U.S. generally accepted government auditing standards and Office of Management and Budget (OMB) audit guidance.
In its audit of FCIC/RMA's fiscal year 2025 financial statements, KPMG LLP provided an unmodified opinion and reported:
* the consolidated financial statements present fairly, in all material respects, the financial position of FCIC/RMA as of September 30, 2025, and its net costs, changes in net position, and budgetary resources for the years then ended, in accordance with U.S. generally accepted accounting principles;
* no material weaknesses1 in internal control over financial reporting;
* one significant deficiency2 in internal controls over financial reporting related to general information technology controls;
* no instances in which FCIC/RMA's financial management systems did not substantially comply with FFMIA requirements; and
* no reportable noncompliance with provisions of laws tested or other matters.
In connection with the contract, the Office of Inspector General reviewed KPMG LLP's report and related documentation and inquired of its representatives. Our review, as differentiated from an audit of the financial statements in accordance with U.S. generally accepted government auditing standards, was not intended to enable us to express, and we do not express, an opinion on FCIC/RMA's financial statements; conclusions about the effectiveness of internal control over financial reporting; or conclusions on whether FCIC/RMA's financial management systems substantially complied with the three FFMIA requirements, or on compliance with laws tested and other matters. KPMG LLP is responsible for the attached auditor's report, dated January 15, 2026 and the conclusions expressed therein. However, our review disclosed no instances where KPMG LLP did not comply, in all material respects, with U.S. generally accepted government auditing standards and OMB audit guidance.
In accordance with Departmental Regulation 1720-1, final action needs to be taken within 1 year of each management decision to prevent being listed in the Department's annual Agency Financial Report. For agencies other than the Office of the Chief Financial Officer (OCFO), please follow your internal agency procedures in forwarding final action correspondence to OCFO.
We appreciate the courtesies and cooperation extended to KPMG LLP and my office by members of your staff during the audit fieldwork and subsequent discussions. This report contains publicly available information and will be posted in its entirety to our website (https://usdaoig.oversight.gov) in the near future.
Independent Auditors' Report
Administrator, Federal Crop Insurance Corporation/Risk Management Agency and Inspector General, United States Department of Agriculture:
Report on the Audit of the Consolidated Financial Statements
Opinion
We have audited the consolidated financial statements of the United States Department of Agriculture, Federal Crop Insurance Corporation/Risk Management Agency (FCIC/RMA), which comprise the consolidated balance sheet as of September 30, 2025, and the related consolidated statements of net cost and changes in net position, and combined statement of budgetary resources for the year then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the FCIC/RMA as of September 30, 2025, and its net cost, changes in net position, and budgetary resources for the year then ended in accordance with U.S. generally accepted accounting principles.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS), the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and Office of Management and Budget (OMB) Bulletin No. 24-02, Audit Requirements for Federal Financial Statements. Our responsibilities under those standards and OMB Bulletin No. 24-02 are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are required to be independent of the FCIC/RMA and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Other Matter - Interactive Data
Management has elected to reference to information on websites or other forms of interactive data outside the Annual Report to provide additional information for the users of its consolidated financial statements. Such information is not a required part of the consolidated financial statements or supplementary information required by the Federal Accounting Standards Advisory Board. The information on these websites or the other interactive data has not been subjected to any of our auditing procedures, and accordingly we do not express an opinion or provide any assurance on it.
Responsibilities of Management for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with U.S. generally accepted accounting principles, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Auditors' Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and OMB Bulletin No. 24-02 will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the consolidated financial statements.
In performing an audit in accordance with GAAS, Government Auditing Standards, and OMB Bulletin No. 24-02, we:
* Exercise professional judgment and maintain professional skepticism throughout the audit.
* Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.
* Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the FCIC/RMA's internal control. Accordingly, no such opinion is expressed.
* Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
* Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the FCIC/RMA's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Required Supplementary Information
U.S. generally accepted accounting principles require that the information in the Management's Discussion and Analysis and Required Supplementary Information sections be presented to supplement the basic consolidated financial statements. Such information is the responsibility of management and, although not a part of the basic consolidated financial statements, is required by the Federal Accounting Standards Advisory Board who considers it to be an essential part of financial reporting for placing the basic consolidated financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic consolidated financial statements, and other knowledge we obtained during our audit of the basic consolidated financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information
Management is responsible for the other information included in the Annual Report. The other information comprises the Message from the Administrator, Table of Contents, and the Other Information section but does not include the consolidated financial statements and our auditors' report thereon. Our opinion on the consolidated financial statements does not cover the other information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the consolidated financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the consolidated financial statements as of and for the year ended September 30, 2025, we considered the FCIC/RMA's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the consolidated financial statements, but not for the purpose of expressing an opinion on the effectiveness of the FCIC/RMA's internal control. Accordingly, we do not express an opinion on the effectiveness of the FCIC/RMA's internal control. We did not test all internal controls relevant to operating objectives as broadly defined by the Federal Managers' Financial Integrity Act of 1982.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We identified certain deficiencies in internal control, described in Exhibit I, as items that we consider to be a significant deficiency.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the FCIC/RMA's consolidated financial statements as of and for the year ended September 30, 2025 are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the consolidated financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards or OMB Bulletin No. 24-02.
We also performed tests of the FCIC/RMA's compliance with certain provisions referred to in Section 803(a) of the Federal Financial Management Improvement Act of 1996 (FFMIA). Providing an opinion on compliance with FFMIA was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances in which the FCIC/RMA's financial management systems did not substantially comply with the (1) Federal financial management systems requirements, (2) applicable Federal accounting standards, and (3) the United States Government Standard General Ledger at the transaction level.
FCIC/RMA's Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the FCIC/RMA's response to the findings identified in our audit and described in Exhibit II. The FCIC/RMA's response was not subjected to the other auditing procedures applied in the audit of the consolidated financial statements and, accordingly, we express no opinion on the response.
Purpose of the Other Reporting Required by Government Auditing Standards
The purpose of the communication described in the Report on Internal Control Over Financial Reporting and the Report on Compliance and Other Matters sections is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the FCIC/RMA's internal control or compliance. This communication is an integral part of an audit performed in accordance with Government Auditing Standards in considering the FCIC/RMA's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Washington, DC
January 15, 2026
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The report is posted at: https://usdaoig.oversight.gov/reports/audit/federal-crop-insurance-corporationrisk-management-agencys-financial-statements-10
USDA: 'Evaluation of Plan of Action and Milestones (POA&Ms) Process'
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 50501-0028-12) on Jan. 14, 2026 entitled "Evaluation of Plan of Action and Milestones (POA&Ms) Process."
Here are excerpts:
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DATE: January 14, 2026
INSPECTION NUMBER: 50501-0028-12
TO: Samuel Berry, Chief Information Officer, Office of the Chief Information Officer
ATTN: Sherry Golden, Audit Liaison Official, IT Policy and Audits Division(IPAD)
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Evaluation of Plan of Action and Milestones (POA&Ms)
... Show Full Article
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 50501-0028-12) on Jan. 14, 2026 entitled "Evaluation of Plan of Action and Milestones (POA&Ms) Process."
Here are excerpts:
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DATE: January 14, 2026
INSPECTION NUMBER: 50501-0028-12
TO: Samuel Berry, Chief Information Officer, Office of the Chief Information Officer
ATTN: Sherry Golden, Audit Liaison Official, IT Policy and Audits Division(IPAD)
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Evaluation of Plan of Action and Milestones (POA&Ms)Process
This report presents the results of our inspection of Evaluation of Plan of Action and Milestones (POA&Ms) Process. Your written response to the official draft is included in its entirety at the end of the report. Based on your written response, we are accepting management decision for the two recommendations in the report, and no further response to this office is necessary.
In accordance with Departmental Regulation 1720-1, final action needs to be taken within 1 year of the date of each management decision. Please follow your internal agency procedures in forwarding final action correspondence to the Office of the Chief Financial Officer.
We appreciate the courtesies and cooperation extended to us by members of your staff during our fieldwork and subsequent discussions. This report contains publicly available information and only publicly available information will be posted to our website (https://usdaoig.oversight.gov) in the near future.
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The report is posted at: https://usdaoig.oversight.gov/reports/inspection-evaluation/evaluation-plan-action-and-milestones-poams-process
USDA: 'Evaluation of Forest Service Pacific Southwest Region Facility's Physical Security'
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 08801-0005-41) on Jan. 27, 2026 entitled "Evaluation of Forest Service Pacific Southwest Region Facility's Physical Security."
Here are excerpts:
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DATE: January 27, 2026
INSPECTION NUMBER: 08801-0005-41
TO: Tomas M. Schultz Jr., Chief, Forest Service
ATTN: Juan D. Sedillo, Audit Liaison Officer, Forest Service
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Evaluation of Forest Service Pacific Southwest Region Facility's Physical Security
The
... Show Full Article
WASHINGTON, March 22 (TNSLrpt) -- The Agriculture Inspector General issued the following audit report (No. 08801-0005-41) on Jan. 27, 2026 entitled "Evaluation of Forest Service Pacific Southwest Region Facility's Physical Security."
Here are excerpts:
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DATE: January 27, 2026
INSPECTION NUMBER: 08801-0005-41
TO: Tomas M. Schultz Jr., Chief, Forest Service
ATTN: Juan D. Sedillo, Audit Liaison Officer, Forest Service
FROM: Yarisis Rivera-Rojas, Acting Assistant Inspector General for Audit
SUBJECT: Evaluation of Forest Service Pacific Southwest Region Facility's Physical Security
TheOffice of Inspector General performed an evaluation of a Forest Service (FS) facility's physical condition and security. We analyzed information on FS facilities and selected a site for evaluation. To conduct our evaluation, we performed a site visit and toured the facility and grounds, with a focus on observing if the facility's conditions and physical security were in compliance with the Department of Homeland Security and the Department of Agriculture guidance. This report contains sensitive content. It is being withheld from public release due to concerns about the risk of circumvention of law.
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The report is posted at: https://usdaoig.oversight.gov/reports/inspection-evaluation/evaluation-forest-service-pacific-southwest-region-facilitys-physical
Treasury IG: Management Letter for the Audit of the Department of the Treasury's Consolidated Financial Statements for Fiscal Year 2025
WASHINGTON, March 22 -- The Treasury Inspector General issued the following audit report (No. OIG-26-016) on Feb. 13, 2026, entitled "Management Letter for the Audit of the Department of the Treasury's Consolidated Financial Statements for Fiscal Year 2025."
Here is the memorandum:
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MEMORANDUM FOR JOHN W. YORK, ASSISTANT SECRETARY FOR MANAGEMENT
FROM: Shiela Michel /s/, Acting Director, Financial Statement Audits
SUBJECT: Management Letter for the Audit of the Department of the Treasury's Consolidated Financial Statements for Fiscal Year 2025
We hereby transmit the attached subject report.
... Show Full Article
WASHINGTON, March 22 -- The Treasury Inspector General issued the following audit report (No. OIG-26-016) on Feb. 13, 2026, entitled "Management Letter for the Audit of the Department of the Treasury's Consolidated Financial Statements for Fiscal Year 2025."
Here is the memorandum:
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MEMORANDUM FOR JOHN W. YORK, ASSISTANT SECRETARY FOR MANAGEMENT
FROM: Shiela Michel /s/, Acting Director, Financial Statement Audits
SUBJECT: Management Letter for the Audit of the Department of the Treasury's Consolidated Financial Statements for Fiscal Year 2025
We hereby transmit the attached subject report.Under a contract monitored by our office, KPMG LLP (KPMG), a certified independent public accounting firm, audited the consolidated financial statements of the Department of the Treasury as of September 30, 2025, and for the year then ended. The contract required that the audit be performed in accordance with U.S. generally accepted government auditing standards, Office of Management and Budget Bulletin No. 24-02, Audit Requirements for Federal Financial Statements, and the Government Accountability Office/Council of the Inspectors General on Integrity and Efficiency, Financial Audit Manual.
As part of its audit, KPMG issued the attached management letter dated February 13, 2026, that discusses a deficiency in information technology control that was noted during the audit, but was not required to be included in the auditors' report. This matter relates to incomplete periodic review of privileged access for the Financial Analysis and Reporting System. Management has included its response to the recommendations. This response was not audited by KPMG. Management will need to include the proposed corrective action dates related to the recommendations in the Department of the Treasury's Joint Audit Management Enterprise System.
In connection with the contract, we reviewed KPMG's management letter and related documentation and inquired of its representatives. KPMG is responsible for the letter and the conclusions expressed in the letter. However, our review disclosed no instances where KPMG did not comply, in all material respects, with U.S. generally accepted government auditing standards with respect to this management letter.
If you wish to discuss this report, please contact me at (202) 486-1415, or a member of your staff may contact Catherine Yi, Manager, Financial Statement Audits, at (202) 553-7412.
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The report is posted at: https://oig.treasury.gov/system/files/2026-02/OIG26016-%28508%29.pdf
Treasury IG: Audit of the Office of the Comptroller of the Currency's Financial Statements for Fiscal Year 2025
WASHINGTON, March 22 -- The Treasury Inspector General issued the following audit report (No. OIG-26-010) on Jan. 15, 2026, entitled "Audit of the Office of the Comptroller of the Currency's Financial Statements for Fiscal Year 2025."
Here is the memorandum:
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MEMORANDUM FOR JONATHAN V. GOULD COMPTROLLER OF THE CURRENCY
FROM: Shiela Michel /s/, Acting Director, Financial Statement Audits
SUBJECT: Audit of the Office of the Comptroller of the Currency's Financial Statements for Fiscal Year 2025
We hereby transmit the attached subject report. Under a contract monitored by our office, GKA,
... Show Full Article
WASHINGTON, March 22 -- The Treasury Inspector General issued the following audit report (No. OIG-26-010) on Jan. 15, 2026, entitled "Audit of the Office of the Comptroller of the Currency's Financial Statements for Fiscal Year 2025."
Here is the memorandum:
* * *
MEMORANDUM FOR JONATHAN V. GOULD COMPTROLLER OF THE CURRENCY
FROM: Shiela Michel /s/, Acting Director, Financial Statement Audits
SUBJECT: Audit of the Office of the Comptroller of the Currency's Financial Statements for Fiscal Year 2025
We hereby transmit the attached subject report. Under a contract monitored by our office, GKA,P.C. (GKA), a certified independent public accounting firm, audited the financial statements of the Office of the Comptroller of the Currency (OCC) as of September 30, 2025, and for the year then ended. The contract required that the audit be performed in accordance with U.S. generally accepted government auditing standards, Office of Management and Budget Bulletin No. 24-02, Audit Requirements for Federal Financial Statements, and the Government Accountability Office/Council of the Inspectors General on Integrity and Efficiency, Financial Audit Manual.
In its audit of OCC, GKA found
* the financial statements were fairly presented, in all material respects, in accordance with U.S. generally accepted accounting principles;
* no deficiencies in internal control over financial reporting that are considered material weaknesses; and
* no instances of reportable noncompliance with laws, regulations, and contracts tested.
In connection with the contract, we reviewed GKA's report and related documentation and inquired of its representatives. Our review, as differentiated from an audit performed in accordance with U.S. generally accepted government auditing standards, was not intended to enable us to express, and we do not express, an opinion on OCC's financial statements or conclusions about the effectiveness of internal control or compliance with laws and regulations. GKA is responsible for the attached auditors' reports dated January 5, 2026, and the conclusions expressed in the report. However, our review disclosed no instances where GKA did not comply, in all material respects, with U.S. generally accepted government auditing standards.
If you wish to discuss this report, please contact me at (202) 486-1415, or a member of your staff may contact Catherine Yi, Manager, Financial Statement Audits, at (202) 553-7412.
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The report is posted at: https://oig.treasury.gov/system/files/2026-01/OIG-26-010-%28508%29---Locked.pdf
Treasury IG: Audit of the Bureau of Engraving and Printing's Financial Statements for Fiscal Year 2025
WASHINGTON, March 22 -- The Treasury Inspector General issued the following audit report (No. OIG-26-019) on Feb. 26, 2026 entitled "Audit of the Bureau of Engraving and Printing's Financial Statements for Fiscal Year 2025."
Here is the memorandum:
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MEMORANDUM FOR PATRICIA A. SOLIMENE, DIRECTOR BUREAU OF ENGRAVING AND PRINTING
FROM: Shiela Michel /s/, Acting Director, Financial Statement Audits
SUBJECT: Audit of the Bureau of Engraving and Printing's Financial Statements for Fiscal Year 2025
We hereby transmit the attached subject report. Under a contract monitored by our office, KPMG
... Show Full Article
WASHINGTON, March 22 -- The Treasury Inspector General issued the following audit report (No. OIG-26-019) on Feb. 26, 2026 entitled "Audit of the Bureau of Engraving and Printing's Financial Statements for Fiscal Year 2025."
Here is the memorandum:
* * *
MEMORANDUM FOR PATRICIA A. SOLIMENE, DIRECTOR BUREAU OF ENGRAVING AND PRINTING
FROM: Shiela Michel /s/, Acting Director, Financial Statement Audits
SUBJECT: Audit of the Bureau of Engraving and Printing's Financial Statements for Fiscal Year 2025
We hereby transmit the attached subject report. Under a contract monitored by our office, KPMGLLP (KPMG), a certified independent public accounting firm, audited the financial statements of the Bureau of Engraving and Printing (BEP) as of September 30, 2025, and for the year then ended. The contract required that the audit be performed in accordance with U.S. generally accepted government auditing standards, Office of Management and Budget Bulletin No. 24-02, Audit Requirements for Federal Financial Statements, and the Government Accountability Office/Council of the Inspectors General on Integrity and Efficiency, Financial Audit Manual.
In its audit of BEP, KPMG found
* the financial statements were fairly presented, in all material respects, in accordance with U.S. generally accepted accounting principles;
* no deficiencies in internal control over financial reporting that are considered material weaknesses; and
* no instances of reportable noncompliance with laws, regulations, and contracts tested.
KPMG also issued a management letter dated February 23, 2026, discussing deficiencies in internal control over financial reporting that were identified during the audit but were not required to be included in the auditors' report. These matters involved general information technology controls. This letter will be transmitted separately.
In connection with the contract, we reviewed KPMG's reports and related documentation and inquired of its representatives. Our review, as differentiated from an audit performed in accordance with U.S. generally accepted government auditing standards, was not intended to enable us to express, and we do not express, an opinion on BEP's financial statements or conclusions on the effectiveness of internal control or compliance with laws and regulations.
KPMG is responsible for the attached auditors' report dated February 23, 2026, and the conclusions expressed therein. However, our review disclosed no instances where KPMG did not comply, in all material respects, with U.S. generally accepted government auditing standards.
If you wish to discuss this report, please contact me at (202) 486-1415, or a member of your staff may contact Felicia Silver, Acting Manager, Financial Statement Audits, at (771) 210-6004.
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The report is posted at: https://oig.treasury.gov/system/files/2026-03/OIG-26-019_secured-%28508%2C-web-copy%29.pdf
