November 13, 2017
Required by the CFO Act
Report on the Quality Control Review of the Federal Aviation Administration’s Audited Consolidated Financial Statements for Fiscal Years 2017 and 2016
What We Looked At
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 2017 and 2016. KPMG LLP, under contract to us, issued a clean (unmodified) audit opinion on FAA’s financial statements. KPMG LLP reported one material weakness and one significant deficiency in internal control over financial reporting. KPMG did not report any instances of reportable noncompliance with laws and regulations tested.
What We Found
Our QCR disclosed no instances in which KPMG LLP did not comply, in all material respects, with auditing standards.