Financial Statement Audit Report: DOE-OIG-20-29

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February 24, 2020

Management Letter on the Western Federal Power System’s Fiscal Year 2019 Financial Statement Audit

Pursuant to requirements established by the Government Management Reform Act of 1994, the Office of Inspector General engaged the independent public accounting firm of KPMG LLP to perform the audit of the Western Federal Power System’s Fiscal Year 2019 Financial Statements.  During the audit, KPMG LLP considered the Western Federal Power System’s internal controls over financial reporting and tested for compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. 

During the course of the audit, KPMG LLP identified deficiencies in internal control that are included in the attached management letter.  Specifically, the attached letter contains two new findings and four recommendations that were issued during the audit of the Western Federal Power System’s Fiscal Year 2019 Financial Statements.  One finding identified during the audit is considered a significant deficiency.  Management fully concurred with all recommendations included in the management letter and had taken or planned to take corrective actions.  Management’s responses are included with each finding.

Topic: Management & Administration