Submitting OIG:
Report Description:
What We Looked At
This report presents the results of our quality control review (QCR) of KPMG LLP’s management letter related to the audit it conducted, under contract with us, of the Federal Aviation Administration’s (FAA) consolidated financial statements for fiscal years 2019 and 2018. In addition to its audit report on FAA’s financial statements, KPMG issued a management letter that discusses eight internal control matters that it was not required to include in its audit report.
What We Found
Our QCR of KPMG’s management letter disclosed no instances in which KPMG did not comply, in all material respects, with generally accepted Government auditing standards.
Recommendations
KPMG made eight recommendations in its management letter. FAA concurred with all eight recommendations.
Date Issued:
Wednesday, April 8, 2020
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
QC2020024
Component, if applicable:
Federal Aviation Administration
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$0
Funds for Better Use:
$1,006,230,000
Number of Recommendations:
8
Additional Details Link: