Audits

On November 10, 2009, we issued a quality control report on the audit of the National Transportation Safety Board’s fiscal years 2009 and 2008 financial statements. Leon Snead & Company, P.C., under contract to us and under our supervision, issued a clean (unqualified) audit opinion but reported one significant deficiency due to the lack of a managerial cost accounting system.

Complete financial statements are included in NTSB’s Performance and Accountability Report, which also contains a copy of the Leon Snead & Company, P.C. report beginning on page 29.