At a Gla

24-F-0017
January 18, 2024

Audit of the EPA's Fiscal Years 2022 and 2021 (Restated) Pesticide Registration
Fund Financial Statements

Why We Did This Audit

To accomplish this objective:

The Pesticide Registration Improvement
Act requires that the U.S. Environmental
Protection Agency Office of Inspector
General perform an annual audit of the
financial statements for the Pesticide
Registration Fund. The Act requires the
EPA to assess and collect pesticide
registration fees. It also requires the EPA
to deposit the fees into the Pesticide
Registration Fund.

The Agency's Office of the Chief
Financial Officer is required to prepare
financial statements that present
financial information about the Pesticide
Registration Fund.

The Pesticide Registration Improvement
Act also requires the EPA to establish
time frames for its review and decision
on applications for pesticide
registrations, known as decision time
review periods. The Act requires that the
OIG conduct an annual audit of the
Pesticide Registration Fund financial
statements, including an analysis of the
fees collected and the Agency's
compliance with the decision time
review periods.

To support this EPA mission-related
effort:

• Operating efficiently and effectively.

The EPA Received an Unmodified Opinion for Fiscal Years 2022
and 2021 (Restated)

We rendered an unmodified opinion on the EPA's fiscal years 2022 and 2021 (restated)
Pesticide Registration Fund—also known as the Pesticide Registration Improvement Act,
or PRIA, Fund—financial statements, meaning that the statements were fairly presented
and free of material misstatement.

We found the fund's financial statements to be fairly presented and free
of material misstatement.

Significant Deficiency Noted

We noted the following significant deficiency: the EPA miscalculated the restatement
balances for Software in Development for the PRIA Fund financial statements note 13,
"Restatement," overstating the balance by $938,948.35.

Compliance with Applicable Laws, Regulations, Contracts,
and Grant Agreements

We did not identify any noncompliance that would result in a material misstatement to the
audited financial statements. In addition, the Agency was in compliance with the statutory
decision time review periods.

Recommendation and Agency Corrective Action

We recommended that the chief financial officer correct the restatement amount for the
Software in Development to accurately capture the amounts for note 13, "Restatement."
The EPA agreed with the recommendation and completed the corrective action.

Address inquiries to our public affairs
office at (202) 566-2391 or
OIG.PublicAffairs@epa.gov.

List of OIG reports.

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