Financial Statement: DOE-OIG-18-37

You are here

June 28, 2018

Management Letter on the Southwestern Federal Power System’s Fiscal Year 2017 Financial Statement Audit

KPMG LLP, our contract auditors, planned and performed an audit of the combined financial statements of the Southwestern Federal Power System as of and for the year ended September 30, 2017, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.  The combined financial statements include the Southwestern Area Power Administration, a component of the U.S. Department of Energy, and the hydroelectric generation and power operations of the U.S. Army Corps of Engineers; a component of the U.S. Department of Defense.

During the audit, KPMG LLP noted certain matters involving internal control and other operational matters that are presented in the attached management letter prepared by KPMG LLP.  The letter contains one finding that was issued during the course of the Southwestern Federal Power System’s Fiscal Year 2017 Financial Statement Audit.  Management concurred with the finding and provided planned corrective actions for the recommendation listed in the Management Letter.

Topic: Management & Administration