Submitting OIG:
Report Description:
What We Looked At
We contracted with the independent public accounting firm KPMG LLP to audit the Federal Aviation Administration's (FAA) financial statements as of and for the fiscal years ended September 30, 2018, and September 30, 2017, and to provide a report on internal control over financial reporting and compliance with laws and other matters. The contract required that the audit be performed in accordance with U.S. generally accepted Government auditing standards, Office of Management and Budget audit guidance, and the Governmental Accountability Office's and Council of the Inspectors General on Integrity and Efficiency's Financial Audit Manual. In connection with the contract, we performed a quality control review of KPMG's report dated November 9, 2018, related documentation, and inquired of its representatives.
What We Found
Our quality control review disclosed no instances in which KPMG did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
Recommendations
FAA concurs with KPMG's five recommendations.
Date Issued:
Wednesday, November 14, 2018
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
QC2019009
Component, if applicable:
Federal Aviation Administration
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
5
View Document:
Additional Details Link: