STB Financial Statement Audit for Fiscal Years 2026 and 2025
Summary
The DOT Office of Inspector General announced a mandated audit of the Surface Transportation Board's financial statements for fiscal years 2026 and 2025 under the Accountability of Tax Dollars Act of 2002. Independent auditor Allmond & Company LLC will conduct the audit with results due to OMB, Treasury, Congress, and GAO by November 16, 2026.
What changed
The DOT OIG has initiated a financial statement audit of the Surface Transportation Board for FY2026 and FY2025, mandated by the Accountability of Tax Dollars Act of 2002. The audit objective is to express an opinion on whether STB's financial statements are fairly presented in conformity with generally accepted accounting principles. Allmond & Company LLC will perform the work subject to DOT OIG oversight.
This is a routine mandated audit that does not create new compliance obligations for external parties. STB staff should prepare for document and records requests from the auditors at STB headquarters in Washington, DC, with work also conducted at service providers in Denver, CO, and Oklahoma City, OK. The final audit report is due November 16, 2026.
Archived snapshot
Apr 6, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
New Audit Announcements
Date
April 6, 2026
Audit Initiated of the Surface Transportation Board’s Financial Statements for Fiscal Years 2026 and 2025
Origin Mandated by the Accountability of Tax Dollars Act of 2002 Project ID 26F3012F000 File Attachment View PDF Document In accordance with the Accountability of Tax Dollars Act of 2002, we are initiating an audit of the Surface Transportation Board’s (STB) financial statements for fiscal years 2026 and 2025. The objective of this audit will be to express an opinion on whether STB’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 STB’s Headquarters in Washington, DC, and service providers in Denver, CO, and Oklahoma City, OK, as necessary. The audit report is due to OMB, the Department of Treasury, Congress, and the Government Accountability Office by November 16, 2026.
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