Skip to main content
U.S. flag

An official website of the United States government

Audit Reports

Date

Quality Control Review of the Independent Auditor’s Report on the Federal Aviation Administration’s Audited Consolidated Financial Statements for Fiscal Years 2023 and 2022

Requested By
Required by the Chief Financial Officers Act of 1990
Project ID
QC2024006
File Attachment
What We Looked At
We contracted with the independent public accounting firm KPMG, LLP to audit the Federal Aviation Administration’s (FAA) consolidated financial statements as of and for the fiscal years ended September 30, 2023, and September 30, 2022. KPMG was required to provide an opinion on those financial statements, report on internal control over financial reporting, and report on compliance with laws and other matters. The contract required the audit to 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. We performed a quality control review (QCR) of KPMG’s report dated November 9, 2023, and related documentation, and inquired of KPMG’s representatives.
 
What We Found
Our QCR disclosed no instances in which KPMG did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
 
Recommendations
FAA concurred with KPMG’s recommendation. We agree with KPMG’s recommendation and are not making any additional recommendations.

Recommendations

No. 1 to FAA
KPMG recommends that FAA management design and perform procedures to consistently approve and document new or modified user account and recertification requests and timely remove separated users as required by internal policy and standards for effective internal control systems.