December 7, 2017
Federal Energy Regulatory Commission’s Fiscal Year 2017 Financial Statement Audit
The attached report presents the results of the independent certified public accountants’ audit of the Federal Energy Regulatory Commission’s (Commission) balance sheets, as of September 30, 2017 and 2016, and the related statements of net cost, changes in net position, budgetary resources, and custodial activity for the years then ended.
KPMG LLP concluded that the financial statements present fairly, in all material respects, the financial position of the Commission as of September 30, 2017 and 2016, 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.
The results of the auditors’ review of the Commission’s compliance with certain laws and regulations disclosed no instances of noncompliance or other matters required to be reported under generally accepted Government auditing standards or applicable Office of Management and Budget guidance.
Topic: Management & Administration