Audits

On November 13, we issued a Quality Control Review report on FAA's Administrative Services Franchise Fund Financial Statements for Fiscal Year 2006. We issued an unqualified (clean) opinion on the financial statements and reported four internal control reportable conditions and two instances of noncompliance with applicable laws and regulations. The audit was conducted for OIG by KPMG LLP of Oklahoma City, OK. No electronic copies of KPMG's report or complete Franchise Fund Financial Statements are currently available. However, hard copies are available from The Franchise Fund. Please contact Mr. Mark Chisum.