Submitting OIG:
Report Description:
The U.S. Government Accountability Office (GAO) OIG reviewed the system of quality control for the audit organization of the Federal Trade Commission (FTC) OIG in effect for the year ended March 31, 2021. A system of quality control encompasses the 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. In the GAO OIG's opinion, the system of quality control for the audit organization of the FTC OIG in effect for the year ended March 31, 2021, has been suitably designed and complied with to provide the FTC OIG with reasonable assurance of performing and reporting in conformity with applicable professional standards and applicable legal and regulatory requirements in all material respects. Audit organizations can receive a rating of PASS, PASS WITH DEFICIENCIES, or FAIL. The FTC OIG received an External Peer Review rating of PASS.
Short / Alternative Report Title:
GAO OIG External Peer Review
Date Issued:
Friday, August 20, 2021
Agency Reviewed / Investigated:
External entity, if applicable:
FTC OIG
Location(s):
Agency-Wide
Type of Report:
Peer Review of OIG
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
0
Report updated under NDAA 5274:
No
View Document:
Attachment | Size |
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Report-Peer-Review-FTC-OIG’s-Audit-Operations-2021.pdf | 180.18 KB |