Federal Reports

Audit of the Railroad Retirement Board's Interagency Agreements

Additional Oversight and Monitoring of the SEC’s CAT Usage Is Needed, Report No. 585

The Smithsonian Institution Office of Inspector General reviewed the system of quality control for the audit organization of the National Credit Union Administration Office of the Inspector General (NCUA OIG) in effect for the year ending September 30, 2024. A system of quality control encompasses NCUA OIG’s organizational structure and the policies adopted and procedures established to provide reasonable assurance of conforming in all material respects with Government Auditing Standards and applicable legal and regulatory requirements. The elements of quality control are described in Government Auditing
Standards. The Smithsonian Institution OIG opined that the system of quality control for the audit organization of NCUA OIG in effect for the year ending September 30, 2024, has been suitably designed to provide NCUA OIG with reasonable assurance of performing and reporting in conformity with applicable professional standards and applicable legal and regulatory requirements in all material respects. Audit organizations can receive a rating of pass, pass with deficiencies, or fail. NCUA OIG has received an External Peer Review rating of pass.

The U.S. Postal Service implemented the Contract Logistics Enterprise Acquisition Resource (CLEAR) system and the Transportation Management System (TMS) in April 2022 to enhance the efficiency and reliability of its transportation network. CLEAR was designed to improve the management of transportation contracts, streamline payment processing, and enhance performance tracking. The TMS provides scheduling details, monitors real-time trip activities, processes payments, and tracks vouchers. The TMS relies on rate information from the CLEAR system to generate accurate trip payments. From April 2022 through March 2024, the Postal Service spent approximately $2.3 billion on dedicated transportation services.