We contracted with the independent public accounting firm KPMG, LLP to audit the Federal Aviation Administration’s (FAA) consolidated financial statements as of and for the fiscal years ended September 30, 2022, and September 30, 2021. KPMG was required to provide an opinion on those financial statements, report on internal control over financial reporting, and report on compliance with laws and other matters. The contract required the audit to be performed in accordance with U.S. generally accepted Government auditing standards; Office of Management and Budget audit guidance; and the Governmental Accountability Office’s and Council of the Inspectors General on Integrity and Efficiency’s Financial Audit Manual. We performed a quality control review (QCR) of KPMG’s report dated November 9, 2022, and related documentation, and inquired of KPMG’s representatives.
What We Found
Our QCR disclosed no instances in which KPMG did not comply, in all material respects, with U.S. generally accepted Government auditing standards.
FAA concurred with KPMG’s two recommendations. We agree with KPMG’s recommendations and are not making any additional recommendations.
No. 1 to FAA
KPMG recommends FAA design and implement procedures to consistently and timely perform and document user account access reviews as required by standards for effective internal control systems and/or internal policy.
No. 2 to FAA
KPMG recommends FAA design and implement procedures to consistently and timely notify account administrators of separations as required by internal policy.