March 28, 2012
Department of Energy's Isotope Development and Production for Research and Applications Program's Fiscal Year 2009 Balance Sheet Audit
We contracted with the independent public accounting firm of KPMG, LLP (KPMG) to express an opinion on the Department of Energy's Isotope Development and Production for Research and Applications Program's Fiscal Year 2009 Balance Sheet. KPMG concluded that, except for insufficient evidence to support inventories held for sale and undelivered orders, the latter of which effects the classifications of fund balance with Treasury, the Isotope Program's balance sheet as of September 30, 2009, is presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles. The auditors' consideration of internal control over financial reporting resulted in two material weaknesses (Controls over Inventory Related Documentation; and Improvements Needed in the Preparation and Review of Manual Journal Entries) and two significant deficiencies (Unclassified Network and Information Systems Security; and Accounting for Property, Plant and Equipment).