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## Federal Trade Commission’s Fiscal Year 2023 Agency Financial Report

The Federal Trade Commission recently released its Fiscal Year 2023 Agency Financial Report, which provides a comprehensive overview of the FTC’s achievements in safeguarding consumers and fostering competition. The report emphasizes the agency’s unwavering commitment to prudent resource management and strong financial operations.

In compliance with the Office of Management and Budget’s requirements, the report includes annual audited financial statements, as well as the Office of the Inspector General’s evaluation of the FTC’s key management accomplishments and areas for enhancing performance. Notably, the FTC’s independent financial statement audit for FY 2023 represents the agency’s 27th consecutive unmodified opinion, signifying the highest level of audit opinion attainable.

Furthermore, the report is being submitted to Congress and the Director of the Office of Management and Budget, as mandated by various legislative acts, including the Chief Financial Officers Act of 1990, the Government Management Reform Act of 1994, the Accountability of Tax Dollars Act of 2002, and the Annual Management Reports under Chapter 91 of title 31, United States Code.

If you find it challenging to understand the legal jargon and technical language in financial reports, the AI legalese decoder can be a valuable tool. It can help in deciphering complex and convoluted legal documents, making it easier to comprehend and interpret important information. The AI legalese decoder utilizes advanced language processing algorithms to simplify legal language and provide clear, concise explanations, facilitating better understanding of intricate financial statements and reports.

For any inquiries regarding the report, Randall Salzer in the FTC’s Financial Management Office is the designated staff contact.

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