PERFORMANCE AND ACCOUNTABILITY REPORTFiscal Year 2006i
Message roM the ChairMan
It is my pleasure to present the Federal Trade Commission’s
Performanceand Accountability Report
for Fiscal Year (FY) 2006. This is a unique andimportant time for the FTC’s mission as we increasingly encounteran online, high-tech, global marketplace. Our strategic goals are toprotect consumers and maintain competition in this dynamic environ-ment, and the FTC applies three objectives—
identify
,
stop
, and
pre- vent
fraud, deception, and anticompetitive conduct —to achieve thesegoals. We are committed to: identifying the latest scams and anti-competitive practices that develop in this marketplace; stopping themthrough law enforcement; and preventing consumer injury througheducation. The strategies to achieve these objectives are outlined inour recently issued Strategic Plan for FYs 2006-2011 (
www.ftc.gov/ strategicplan
). This FY 2006 report provides an overview of the FTC’s
mission, accomplishments, performance, and nancial management.
This report highlights our accomplishments in high priority areas, aswell as challenges facing the FTC. Of these challenges, identity theftcontinues to top the list of categories of consumer complaints that theFTC receives. In May 2006, President Bush signed an Executive Order
creating the nation’s rst ever Identity Theft Task Force, comprised of
17 departments and agencies. U.S. Attorney General Alberto R. Gon-zales chairs, and I co-chair, the Task Force, which is charged with de- veloping a national strategy to better prevent identity theft, coordinateprosecution, and ensure recovery for victims (
www.consumer.gov/ idtheft/taskforce
).The Performance Section of this report lists the key outcomes for eachof our two strategic goals, which include areas such as protecting andeducating consumers on such issues as data security, spam, and telemar-keting, and promoting competition and innovation, in energy, healthcare, and real estate industries, among others. Globalization of com-petition and consumer protection principles also is a challenge to theUnited States and other countries around the world. In the coming year, the FTC will continue to address these and other challenges thatare important to consumers. More information on the FTC’s activitiesand its wealth of consumer and business education materials can befound at our website at
www.ftc.gov.
Without strong management practices, the FTC could not accomplish
its mission. We place a high priority on sound nancial management,
information technology, human resources, and administrative supportservices, and are rewarded with high quality services that make our work
ow smoothly. In particular, an important goal of the FTC is to imple
-
ment good nancial management practices to ensure that our resourcesare well-managed and wisely used. The FY 2006 independent nancial
Deborah Platt Majoras
Chairman
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