Audit Initiated of the Surface Transportation Board’s Financial Statements for Fiscal Years 2025 and 2024
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 2025 and 2024. 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 17, 2025.