FTC OIG Audited Financial Statements for FY 2013 Management Letter

On December 16, 2013, the OIG transmitted to the FTC the financial statement audit performed by the independent public accounting firm of Brown & Company CPAs, LLC. The auditors issued an unmodified (clean) opinion on the financial statements. The management letter contained five recommendations that warranted management's consideration. These recommendations, all of which were discussed with the appropriate members of management, were intended to improve the FTC's internal control or result in other operating efficiencies. Management generally concurred with the recommendations in the management letter.