Why We Did This Report
The Pesticide Registration Improvement Act requires the U.S. Environmental Protection Agency Office of Inspector General to perform an annual audit of the financial statements for the Pesticide Registration Fund.
Summary of Findings
We rendered an unmodified opinion on the EPA’s fiscal years 2023 and 2022 (Restated) Pesticide Registration Fund—also known as the Pesticide Registration Improvement Act, or PRIA, Fund—financial statements, meaning that the statements were fairly presented and free of material misstatement. We noted the following material weakness: the EPA materially misstated the on-top adjustment involving the PRIA income and expenses from other appropriations, which is the PRIA 23-02A on-top adjustment, in its fiscal year 2023 draft financial statements by over $2.6 million. An on-top adjustment is a journal entry that is made at the end of an accounting period to adjust the accounts to accurately reflect revenues and expenses of the current period.
