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A Message from the Chief Financial Officer

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Photo of Mark Carney, Chief Financial Officer.

Mark Carney,
Chief Financial Officer
(Photo by Clark Day Photography)

For the fifth consecutive year, a public accounting firm, on behalf of our Inspector General, reported that the financial statements included in this report were presented fairly, in all material respects, and in conformity with the U.S. generally accepted accounting principles (GAAP) for Federal agencies.

For the third 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). Last year, KPMG identified no significant deficiencies in the controls over financial reporting, nor did Clifton Gunderson, our new auditor for FY 2009.

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