Administration
Peer Review Reports
2025 Results - Audit (Yellow book)
The Railroad Retirement Board (RRB) Office of Inspector General (OIG) reviewed the system of quality control for the audit organization of the Pension Benefit Guaranty Corporation (PBGC) OIG in effect for the year ended September 30, 2024. A system of quality control encompasses PBGC OIG’s organizational structure and the policies adopted and procedures established to provide it with reasonable assurance of conforming in all material respects with Government Auditing Standards and applicable legal and regulatory requirements. The elements of quality control are described in Government Auditing Standards.
The RRB OIG found the system of quality control for the audit organization of PBGC OIG in effect for the year ended September 30, 2024, has been suitably designed and complied with to provide PBGC OIG with reasonable assurance of performing and reporting in conformity with applicable professional standards and applicable legal and regulatory requirements in all material respects. PBGC OIG has received an External Peer Review rating of pass.
Click here for the Peer Review report.
2024 Results - Inspections and Evaluations (Blue Book)
As adopted and approved by the majority of the Council of the Inspectors General on Integrity and Efficiency (CIGIE) membership, OIGs with an Inspection and Evaluation (I&E) organization that conducts I&Es in accordance with the Blue Book must undergo an external peer review every 3 years.
The PBGC OIG underwent a review for the period ending September 30, 2023. The Review Team assessed the extent to which the Pension Benefit Guaranty Corporation Office of Inspector General (PBGC OIG) met the seven CIGIE Quality Standards for Inspection and Evaluation. This assessment included a review of PBGC OIG’s policies and procedures. The Review Team also reviewed two inspection and evaluation reports issued between October 1, 2020, and September 30, 2023, to determine whether the reports complied with the covered Blue Book standards and the PBGC OIG internal policies and procedures. The Review Team determined the PBGC OIG policies and procedures and the two reports reviewed generally met the seven Blue Book standards.
