The Federal Trade Commission’s Fiscal Year 2014 Agency Financial Report provides an overview of fiscal and key performance results that show how the agency has managed its resources. The report includes highlights from FTC programs, accomplishments in its mission of protecting consumers and promoting competition, and plans for addressing future challenges. The report also demonstrates the FTC’s sound financial management and stewardship of public funds.
Prepared in accordance with OMB Circular A-136, this report includes annual audited financial statements, as well as the Office of the Inspector General’s summary of identified management and performance challenges. The FTC’s FY 2014 independent financial audit resulted in the 18th consecutive unmodified opinion, the highest audit opinion available.
The report will be submitted to the Director of the Office of Management and Budget and to Congress, as required under the Chief Financial Officers Act of 1990 (amended by the Reports Consolidation Act of 2000), the Government Management Reform Act of 1994, and the Accountability of Tax Dollars Act of 2002.
The Commission vote to release the Performance and Agency Mission Challenges sections of the report was 5-0. (FTC File No. P859900, the staff contact is Joseph O’Leska, Office of the Executive Director, 202-326-2716.)
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.