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U.S. Environmental Protection Agency
Office of Inspector General
At a Glance
October 10, 2006
Catalyst for Improving the Environment
Why We Did This Audit
The Food Quality Protection Act
requires that we perform an
annual audit of the Pesticides
Reregistration and Expedited
Processing Fund (known as
FIFRA) financial statements.
The U.S. Environmental
Protection Agency (EPA) is
responsible for reassessing the
safety of older pesticide
registrations against modern
health and environmental testing
standards. To expedite this
reregistration process, Congress
authorized EPA to collect fees
from pesticide manufacturers.
The fees are deposited into the
FIFRA Fund. Each year, the
Agency prepares financial
statements that present financial
information about the Fund,
along with information about
EPA's progress in reregistering
Fiscal 2005 and 2004 Financial Statements for
the Pesticides Reregistration and Expedited
Processing Fund
We rendered an unqualified, or clean, opinion on EPA's Pesticides
Reregistration and Expedited Processing Fund Financial Statements for fiscal
2005 and 2004, meaning that they were fairly presented and free of material
Internal Control Reportable Conditions Noted
During fiscal 2005, EPA's Washington Finance Center recorded adjusting and
correcting entries for FIFRA collections in the Integrated Financial
Management System (IFMS) without adequately documenting the errors,
corrections, or modifications.
Compliance With Laws and Regulations Noted
We tested compliance with those laws and regulations that could either
materially affect the FIFRA Fund financial statements or that we considered
significant to the audit. The objective of our audit, including our tests of
compliance with applicable laws and regulations, was not to provide an opinion
on overall compliance with such provisions. Accordingly, we do not express
such an opinion. We did not identify any noncompliances that would result in a
material misstatement to the audited financial statements.
What We Recommend
For further information, contact
our Office of Congressional and
Public Liaison at (202) 566-2391.
To view the full report,
click on the following link:
20061010-2007-1 -00001 .pdf
We recommend that the Director, Washington Finance Center, Office of the
Chief Financial Officer, adequately document adjusting and correcting entries
entered in IFMS in accordance with the EPA Comptroller Policy Announcement
No. 93-02, Policies for Documenting Agency Financial Transactions.
Washington Finance Center officials agreed with our recommendation, and
began corrective action to better document adjusting and correcting entries in