January 13, 2023
The Federal Energy Regulatory Commission’s Fiscal Year 2022 Financial Statements
The attached letter presents the results of the independent certified public accountants’ consideration of the Federal Energy Regulatory Commission’s (FERC) internal control over financial reporting during the FERC Fiscal Year 2022 Financial Statement Audit. The letter contains three findings that were issued during the audit. Management concurred with two of the findings and recommendations and partially concurred with one of the findings and recommendations. Management’s comments are included with the findings.
To fulfill the Office of Inspector General’s (OIG) audit responsibilities, we 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 FERC’s financial statements and reporting on applicable internal controls and compliance with laws and regulations. The OIG monitored audit progress and reviewed the audit report and related documentation. This review disclosed no instances where KPMG did not comply, in all material respects, with generally accepted government auditing standards. The OIG did not express an independent opinion on FERC’s financial statements.