February 6, 2019
Management Letter on the Audit of the Department of Energy’s Consolidated Financial Statements for Fiscal Year 2018
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 Department of Energy’s Fiscal Year 2018 Consolidated Financial Statements. During the audit, KPMG LLP considered the Department’s internal controls over financial reporting and tested for compliance with certain provisions of laws, regulations, contracts, and grant agreements that could have a direct and material effect on the consolidated financial statements.
During the course of the audit, KPMG LLP identified deficiencies in internal controls. Specifically, KPMG LLP noted 10 new findings and 15 recommendations that were issued during the Fiscal Year 2018 Audit of the Department of Energy’s Consolidated Financial Statements. One prior year finding and recommendation was also re-issued. Management fully or partially concurred with all but two recommendations included in the management letter and had taken or planned to take corrective actions. Management did not concur with two findings and recommendations. Management’s responses are included with each finding. The audit did not identify any deficiencies in internal controls over financial reporting that are considered material weaknesses.
Topic: Management & Administration