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U.S. Environmental Protection Agency	17-F-0047
' O, r| Office of Inspector General	November 15,2010
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At a Glance
Why We Did This Review
We performed this audit in
accordance with the
Accountability of Tax Dollars
Act of 2002, which requires the
U.S. Chemical Safety and
Hazard Investigation Board
(CSB) to prepare, and the
Office of Inspector General
(OIG) to audit, the board's
financial statements each year.
The U.S. Environmental
Protection Agency's OIG, which
also serves as the Inspector
General for CSB, contracted
with Allmond & Company, LLC,
to perform the audit of the
CSB's fiscal year 2016 financial
statements. CSB's fiscal year
2015 statements had
previously been audited by
Walker and Company, LLP.
This report addresses the
following CSB goal:
 Preserve the public trust
by maintaining and
improving organizational
Send all inquiries to our public
affairs office at (202) 566-2391
or visit www.epa.gov/oiq.
Listing of OIG reports.
Audit of the U.S. Chemical Safety and Hazard
Investigation Board's Fiscal Years 2016 and 2015
Financial Statements
What Allmond & Company Found
Allmond & Company rendered an unmodified opinion on
the CSB's financial statements for fiscal year 2016,
meaning that the statements were fairly presented and
free of material misstatements. Walker and Company had
previously rendered an unmodified opinion on the CSB's
financial statements for fiscal year 2015.
The CSB received
an unmodified
opinion on its
fiscal year 2016
In planning and performing its audit, Allmond & Company considered the CSB's
internal control over financial reporting. Allmond & Company noted no matters
involving the internal control and the CSB operation that it considered to be a
material weakness. However, Allmond & Company identified certain deficiencies
in internal control that it considered to be a significant deficiency, which is a
control deficiency or combination of control deficiencies that adversely affect
CSB's ability to reliably initiate, authorize, record, process or report financial data.
Allmond & Company found that CSB's internal controls over financial reporting
were not sufficiently designed to detect and correct material errors in its financial
statements. Specifically, Allmond & Company noted that CSB did not disclose in
a note a $1 million material difference in Net Outlays, did not prepare
explanations for other material differences, did not properly record calculated
imputed costs, and did not record an accrual for all liabilities owed by the agency.
Allmond & Company reported that CSB subsequently corrected all errors noted.
As part of obtaining reasonable assurance about whether the CSB's financial
statements are free of material misstatement, Allmond & Company performed
tests of the CSB's compliance with certain provisions of laws and regulations,
contracts, and grant agreements, noncompliance with which could have a direct
and material effect on the determination of financial statement amounts. Allmond
& Company's fiscal year 2016 audit disclosed no instances of noncompliance or
other matters that are required to be reported.
Allmond & Company is responsible for the enclosed auditor's report and the
conclusions expressed in the report. We do not express any opinion or
conclusions on the CSB's financial statements, internal control, or compliance
with laws and regulations.
Allmond & Company Recommendations and CSB Comments
Allmond & Company made various recommendations for CSB to implement and
enhance policies and procedures. CSB concurred with the recommendations.