NTSB Financial Statement Audit Initiation

DOT OIG Reports

Published April 3rd, 2026

Detected April 3rd, 2026

Summary

The DOT Office of Inspector General announced the initiation of a financial statement audit for the National Transportation Safety Board covering fiscal years 2026 and 2025. The audit is mandated by the Accountability of Tax Dollars Act of 2002 and will be conducted by independent public accounting firm Allmond & Company, LLC. The audit report is due to OMB, the Department of the Treasury, Congress, and the Government Accountability Office by November 16, 2026.

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What changed

The DOT OIG has initiated a financial statement audit for NTSB covering fiscal years 2026 and 2025 under the Accountability of Tax Dollars Act of 2002. Allmond & Company, LLC will conduct the audit work in accordance with Government Auditing Standards and OMB Bulletin 24-02, at NTSB headquarters in Washington, DC and its service provider in Denver, CO. The project ID is 26F3013F000.

NTSB management should prepare for the audit by organizing financial records, reconciliations, and supporting documentation. No action is required from external parties as this is an internal federal agency audit. The audit report deadline is November 16, 2026.

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New Audit Announcements

Date

April 3, 2026

Audit Initiated of the National Transportation Safety Board’s Financial Statements for Fiscal Years 2026 and 2025

Origin Mandated by the Accountability of Tax Dollars Act of 2002 Project ID 26F3013F000 File Attachment View PDF Document In accordance with the Accountability of Tax Dollars Act of 2002, we are initiating an audit of the National Transportation Safety Board’s (NTSB) financial statements for fiscal years 2026 and 2025. The objective of this audit will be to express an opinion on whether NTSB’s financial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States. We have engaged Allmond & Company, LLC, an independent public accounting firm, to conduct this audit subject to our oversight.

Allmond will conduct its work in accordance with generally accepted Government auditing standards and the Office of Management and Budget’s (OMB) Bulletin 24-02, Audit Requirements for Federal Financial Statements. The work will be done at NTSB’s Headquarters in Washington, DC, and its service provider in Denver, CO. The audit report is due to OMB, the Department of the Treasury, Congress, and the Government Accountability Office by November 16, 2026.