U.S. Chemical Safety and Hazard Investigation Board Fiscal Years 2023 and 2022 Financial Statement Audit

Why We Did This Report

This audit was performed in accordance with the Accountability of Tax Dollars Act of 2002, which requires the U.S. Chemical Safety and Hazard Investigation Board to prepare, and the Office of Inspector General to audit, the agency’s financial statements each year. The EPA OIG, which also serves as the OIG for the CSB, contracted with an independent auditor, Allmond & Company LLC, to perform the audit of the CSB’s FYs 2023 and 2022 financial statements.  

Summary of Findings

Allmond & Company rendered a qualified opinion on the CSB’s fiscal years 2023 and 2022 financial statements, meaning that except for material errors in unrecorded lease obligations, the statements were fairly presented. However, the CSB’s budgetary accounting for recording lease obligations in prior years was not in accordance with U.S. generally accepted accounting principles; therefore, Allmond & Company’s current opinion on the CSB’s FY 2022 financial statement differs from its previous opinion. Specifically, in an audit report that was issued on November 15, 2022, Allmond & Company expressed the opinion that the CSB’s FY 2022 financial statements were fairly presented. Allmond & Company advised the CSB that all prior-period financial statements audited from FY 2016 through 2022 contain material errors and should no longer be relied upon.