Report: Independent Audit of the EPA’s Fiscal Years 2022 and 2021 (Restated) Toxic Substances Control Act Service Fee Fund Financial Statements

Report # 25-F-0017, February 12, 20226
Why We Did This Report

The U.S. Environmental Protection Agency Office of Inspector General conducted this audit pursuant to the Toxic Substances Control Act, as amended by the Frank R. Lautenberg Chemical Safety for the 21st Century Act, which requires the EPA to prepare and the EPA OIG to audit the accompanying financial statements of the Toxic Substances Control Act Service Fee Fund.
 

Summary of Findings

We rendered a qualified opinion on the EPA’s fiscal years 2022 and 2021 Toxic Substances Control Act, or TSCA, Service Fee Fund financial statements, meaning that, except for material errors in expenses and income from other appropriations and earned and unearned revenue, the statements were fairly presented. We noted two material weaknesses: the EPA materially understated TSCA income and expenses from other appropriations, and the EPA materially misstated TSCA

earned and unearned revenue. We noted one significant deficiency: the EPA needs to improve its financial statement preparation process.

Report Materials

• At a Glance - 25-F-0017 (pdf) (1.37 KB)

•   Full Report - 25-F-0017 (pdf) (1.37 KB)