I © \
ISSZZ*
V
^ PRO^
U.S. Environmental Protection Agency
Office of Inspector General
At a Glance
2005-1 -00082
May 4, 2005
Catalyst for Improving the Environment
Why We Did This Review
The Pesticide Registration
Improvement Act requires that
we perform an annual audit of
the Pesticide Registration
Fund (known as PRIA)
financial statements and report
findings and recommendations
resulting from the audit.
Background
To expedite the registration of
certain pesticides, Congress
authorized EPA to assess and
collect pesticide registration
fees. The fees collected are
deposited into the Pesticide
Registration Fund. The
Agency is required to prepare
financial statements that
present financial information
about the Fund.
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:
www.epa.qov/oiq/reports/2005/
20050504-2005-1 -00082.pdf
Fiscal 2004 Financial Statements for the
Pesticide Registration Fund
Opinion
We rendered an unqualified, or clean, opinion on EPA's Pesticides Registration
Fund Financial Statements for fiscal 2004, meaning that they were fairly presented
and free of material misstatement.
Internal Control Reportable Conditions Noted
We identified the following reportable conditions:
•	We could not assess the adequacy of the automated controls.
•	EPA needs to improve financial statement preparation.
Compliance with Laws and Regulations
We tested compliance with those laws and regulations that could either materially
affect the PRIA 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.
What We Recommend
We recommend that the Director, Reporting and Analysis Staff: (a) ensure that
products issued from the office, especially Financial Statements, footnotes,
supplemental information, and overviews, are properly reviewed prior to release or
submittal for audit; and (b) establish milestone due dates for the PRIA 2005
financial statement audit.

-------