Audit Reports

KPMG recommends that FAA Management revise procedures to ensure manual journal vouchers are reviewed timely and within the timeframes established by the policies.

KPMG recommends that FAA perform an analysis to determine the materiality of the expense transactions currently not included in the accounts payable accrual. If the amount is determined to be immaterial, management should develop and implement guidance to document its assessment and recognition decisions, in accordance with SFFAC No. 5, as it relates to liabilities for non-grant expense transactions and specifically decisions to not accrue for certain transactions. If the amount is determined to be material, management should revise its accounts payable policies to include all material payables in the accrual at year-end.

KPMG recommends that FAA refine its policies and procedures to ensure purchase orders and invoices are reviewed at the appropriate level of precision to ensure that amounts are properly expensed or capitalized.

KPMG recommends that FAA management properly document and implement procedures to update policies and procedures over physical access to the data center to be in compliance witht he DOT Cybersecurity Compendium.

KPMG recommends that FAA management properly document and implement procedures to maintain accurate and detailed user listing of individuals granted access to the data center.

KPMG recommends that FAA management properly document and implement procedures to perform periodic reviews of access rights for existing data center users.