Quality Control Review of the Federal Aviation Administration’s Audited Consolidated Financial Statements for Fiscal Years 2016 and 2015
This report presents the results of our quality control review (QCR) of the Federal Aviation Administration’s (FAA) audited consolidated financial statements for fiscal years 2016 and 2015. KPMG LLP, under contract to the Office of the Inspector General, issued a clean (unmodified) audit opinion on FAA’s financial statements. KPMG LLP reported two significant deficiencies in internal control over financial reporting. KPMG did not report any instances of reportable noncompliance with laws and regulations tested. Our QCR disclosed no instances in which KPMG LLP did not comply, in all material respects, with auditing standards.