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The Federal Trade Commission has issued its Fiscal Year (FY) 2010 Performance and Accountability Report. The report shows American taxpayers how the FTC has managed its resources, highlights major accomplishments in fulfilling the FTC’s two core goals of protecting consumers and promoting competition, and outlines plans for addressing future challenges.

As required by the Reports Consolidation Act of 2000, the Performance and Accountability Report combines the FTC’s performance report and its financial statements and audit opinion. The report compares and evaluates the agency’s performance against the established measures and targets in the FTC’s 2009 to 2014 Strategic Plan and the annual Performance Plan required under the Government Performance and Results Act of 1993. The FY 2010 independent financial audit resulted in the FTC’s fourteenth consecutive unqualified opinion, the highest audit opinion available.

The Commission vote to release the Performance and Mission Challenges sections of the report was 5-0. The report can be found on the FTC’s website and as a link to this press release. (FTC File No. P859900, the staff contact is James Baker, 202-326-3168)

Copies of the documents mentioned in this release are available from the FTC’s website at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

(FYI 50.2010.wpd)