March 20, 2014
Department of Energy's Uranium Enrichment Decontamination and Decommissioning Fund's Fiscal Year 2012 Financial Statement Audit
We contracted with the independent public accounting firm of KPMG, LLP (KPMG) to conduct the audit of the Department of Energy's (Department) Uranium Enrichment Decontamination and Decommissioning Fund's (D&D Fund) Fiscal Year 2012 balance sheets and the related statements of net cost, changes in net position and budgetary resources.
KPMG concluded that the financial statements present fairly, in all material respects, the financial position of the D&D Fund as of September 30, 2012 and 2011, and its net costs, changes in net position, and budgetary resources for the years then ended, in conformity with United States generally accepted accounting principles. The auditors also considered the D&D Fund's internal controls over financial reporting. The audit identified a deficiency, related to recording of environmental liabilities that is considered to be a material weakness, and other deficiencies, related to unclassified network and information systems security that is considered to be a significant deficiency.
The auditors' tests of compliance with certain provisions of laws, regulations and contracts disclosed no instances of noncompliance or other matters that are required to be reported.
Topic: Management & Administration