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A Message from the Chief Financial Officer

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Photo of Mark Carney, Chief Financial Officer. Photo by Clark Day Photography.

Mark Carney,
Chief Financial Officer

The public accounting firm, KPMG LLP, on behalf of the Inspector General, reported that the Commission’s financial statements were presented fairly, in all material respects, and were in conformity with U.S. generally accepted accounting principles.

For the fifth consecutive year the Commission had no material weaknesses, and was compliant with laws and regulations. This includes substantial compliance with the Federal Information Security Management Act (FISMA). No significant deficiencies in the controls over financial reporting were identified during the last four fiscal years.

The CFTC leverages a financial management systems platform operated by the U.S. Department of Transportation’s (DOT) Enterprise Service Center, an Office of Management and Budget (OMB) designated financial management service provider. As a consequence, the CFTC is able to accumulate, analyze, and present reliable financial information, or provide reliable, timely information for managing current operations and timely reporting of financial information to central agencies. Furthermore, our system is in substantial compliance with the Federal Financial Management Improvement Act (FFMIA) of 1996 (although CFTC is not required to comply with FFMIA, it has elected to do so).

Signature of Mark Carney.

Mark Carney
Chief Financial Officer
November 14, 2011

 

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