November 17, 2014

Department of Energy's Fiscal Year 2014 Consolidated Financial Statements

We engaged the independent public accounting firm of KPMG, LLP (KPMG) to perform the audit of the Department of Energy's (Department) Fiscal Year 2014 Consolidated Financial Statements. KPMG concluded that these consolidated financial statements are presented fairly, in all material respects, in conformity with United States generally accepted accounting principles and has issued an unmodified opinion based on its audits and the reports of other auditors for the years ended September 30, 2014 and 2013.

The audit revealed certain deficiencies in internal control related to unclassified network and information systems security that were considered to be a significant deficiency. Although a significant deficiency in the Department's system of internal controls was found, it is not considered a material weakness. The audit disclosed no instances of noncompliance or other matters that are required to be reported under applicable audit standards and requirements.

Topic: Management & Administration