November 24, 2014

Department of Energy's Nuclear Waste Fund's Fiscal Year 2014 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 Nuclear Waste Fund's balance sheets and 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 respective financial position of the Fund as of September 30, 2014 and 2013, 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' review of the Fund's internal control structure and compliance with certain laws and regulations disclosed no deficiencies or instances of noncompliance required to be reported under generally accepted Government auditing standards or applicable Office of Management and Budget guidance.

Topic: Management & Administration