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The Commission has issued its Fiscal Year (FY) 2008 Performance and Accountability Report (PAR). In accordance with the Reports Consolidation Act of 2000, the PAR combines the agency’s Performance Report, financial statements, and audit opinion. The PAR compares and evaluates actual performance against established measures and targets set forth in the FTC’s 2006 to 2011 Strategic Plan (www.ftc.gov/strategicplan) and the annual Performance Plan required under the Government Performance and Results Act of 1993. The FY 2008 independent financial audit resulted in the FTC’s twelfth consecutive unqualified opinion, the highest audit opinion available.

The PAR begins with a “Message from the Chairman” and includes three parts: Part I contains management’s discussion and analysis of the FTC’s performance and financial activities, including the agency’s Mission Challenges; Part II contains the Performance Report; and Part III contains the agency’s financial statements and independent audit results. The PAR can be viewed at www.ftc.gov/par. For additional information, the staff contact is James Baker 202-326-3168. The Commission vote to release the Performance and Mission Challenges sections of the PAR was 4-0. (FTC File No. P080100.)

(FYI 56.2008.wpd)