Quality Control Review of the Federal Aviation Administration’s Audited Financial Statements for Fiscal Years 2014 and 2013
We conducted a quality control review of the Federal Aviation Administration’s (FAA) financial statements for fiscal years 2014 and 2013. KPMG LLP, under contract to our office, issued a clean (unmodified) audit opinion on FAA’s financial statements. KPMG’s report included one significant deficiency in internal control over financial reporting. There were no instances of reportable noncompliance with laws and regulations tested. Our review disclosed no instances in which KPMG did not comply, in all material respects, with auditing standards.