^tosr^ U.S. Environmental Protection Agency 15 1 0022 ^ Office of Inspector General November 17,2014 At a Glance Why We Did This Review We performed this audit in accordance with the Accountability of Tax Dollars Act of 2002, which requires the U.S. Chemical Safety and Hazard Investigation Board (CSB) to prepare, and the Office of Inspector General (OIG) to audit, the Board's financial statements each year. The U.S. Environmental Protection Agency's OIG, which also serves as the Inspector General for CSB, contracted with Brown and Company CPAs, PLLC, to perform the audit of the CSB's fiscal years 2014 and 2013 financial statements. This report addresses the following CSB goal: • Preserve the public trust by maintaining and improving organizational excellence. Audit of the U.S. Chemical Safety and Hazard Investigation Board's Fiscal Years 2014 and 2013 Financial Statements What Brown and Company Found Brown and Company rendered an unmodified opinion on the CSB's financial statements for fiscal years 2014 and 2013, meaning that the statements were fairly presented and free of material misstatements. The CSB received an unmodified opinion for its fiscal years 2014 and 2013 financial statements. In planning and performing its audit, Brown and Company considered the CSB's internal control over financial reporting. Brown and Company noted no matters involving the internal control and the CSB operation that it considered to be a material weakness. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency in internal control, or a combination of deficiencies in internal control, that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. As part of obtaining reasonable assurance about whether the CSB's financial statements are free of material misstatement, Brown and Company performed tests of the CSB's compliance with certain provisions of laws and regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. Brown and Company's fiscal year 2014 audit disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards or Office of Management and Budget Bulletin No. 14-02. Brown and Company is responsible for the attached auditor's report and the conclusions expressed in the report. We do not express any opinion or conclusions on the CSB's financial statements, internal control or compliance with laws and regulations. CSB's Comments Send all inquiries to our public The CSB agreed with Brown and Company's report, affairs office at (202) 566-2391 or visit www.epa.gov/oia. The full report is at: www.epa.gov/oig/reports/2014/ 20141117-15-1-0022.pdf ------- |