Audit Report: OAI-FS-16-02

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November 18, 2015

Federal Energy Regulatory Commission's Fiscal Year 2015 Financial Statement Audit

This report presents the results of the independent certified public accountants’ audit of the balance sheets of the Federal Energy Regulatory Commission (Commission), as of September 30, 2015 and 2014, and the related statements of net cost, changes in net position, budgetary resources, and custodial activity for the years then ended.

To fulfill Office of Inspector General audit responsibilities, we contracted with the independent public accounting firm of KPMG LLP (KPMG) to conduct the audit, subject to our review.  KPMG concluded that the combined financial statements present fairly, in all material respects, the respective financial position of the Commission as of September 30, 2015 and 2014, and its net costs, changes in net position, budgetary resources, and custodial activities for the years then ended, in accordance with United States generally accepted accounting principles.

Topic: Management & Administration