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Audit Report: OAS-FS-14-01

November 25, 2013

Federal Energy Regulatory Commission's Fiscal Year 2013 Financial Statement Audit

The Office of Inspector General contracted with the independent public accounting firm of KPMG, LLP (KPMG) to conduct the audit, subject to our review.  KPMG is responsible for expressing an opinion on the Commission's financial statements and reporting on applicable internal controls and compliance with laws and regulations.  The Office of Inspector General monitored audit progress and reviewed the audit report and related documentation. 

KPMG concluded that the financial statements present fairly, in all material respects, the financial position of the Commission as of and for the years ended September 30, 2013 and 2012, and its net costs, changes in net position, budgetary resources and custodial activities for the years then ended, in conformity with generally accepted accounting principles.

Topic: Management & Administration