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U.S. Environmental Protection Agency
Office of Inspector General
At a Glance
11-1-0157
March 10, 2011
Why We Did This Audit
The Pesticide Registration
Improvement Act (PRIA)
requires that we perform an
annual audit of the Pesticide
Registration Fund (known as
the PRIA Fund) financial
statements.
Background
To expedite the registration of
certain pesticides, Congress
authorized the U.S.
Environmental Protection
Agency (EPA) to assess and
collect pesticide registration
fees. The fees collected are
deposited into the PRIA Fund.
The Agency is required to
prepare financial statements
that present financial
information about the PRIA
Fund. PRIA also requires the
establishment of decision time
review periods for pesticide
registration actions, and
requires the Office of Inspector
General to perform an analysis
of the Agency's compliance
with those review periods.
Catalyst for Improving the Environment
Fiscal Year 2010 and 2009 Financial Statements
for the Pesticide Registration Fund
Opinion
We rendered an unqualified, or clean, opinion on EPA's Pesticide Registration
Fund financial statements for fiscal years 2010 and 2009, meaning that they were
fairly presented and free of material misstatement.
Internal Control Significant Deficiency Noted
We noted one significant deficiency in internal controls. EPA misapplied federal
retirement benefit cost factors in calculating fiscal year 2010 imputed cost related
to the Civil Service Retirement System and the Federal Employees Retirement
System. Imputed costs are costs that are not fully reimbursed. This significant
deficiency resulted in an understatement of $120,422. The Agency has corrected
fiscal year 2010 imputed costs in the PRIA Fund financial statements.
Compliance with Decision Time Review Periods
The Agency was in substantial compliance with the statutory decision time
frames.
Agency Comments and Office of Inspector General Evaluation
The Office of the Chief Financial Officer and the Office of Chemical Safety and
Pollution Prevention concurred with our general conclusions that the financial
statements are fairly presented and free of material misstatements.
For further information,
contact our Office of
Congressional, Public Affairs
and Management at
(202) 566-2391.
The full report is at:
www.epa.gov/oig/reports/2011/
20110310-11-1-0157.pdf

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