Property, Plant, and Equipment
This report presents our audit results on the Federal Aviation Administration (FAA) property, plant, and equipment asset accounts. The major assets for property, plant, and equipment include buildings, structures, and land, construction-in-progress, and equipment.
Our audit objective was to determine whether the reported amount for property, plant, and equipment was fair and reasonable as of September 30, 1999. This audit was performed in conjunction with our Chief Financial Officers Act responsibilities to opine on the Fiscal Year (FY) 1999 FAA Financial Statements. A separate report will be issued on the FY 1999 FAA Financial Statements.