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Audit Report: ER-FS-99-04

May 27, 1999

Results of Audit Procedures Performed at the Strategic Petroleum Reserve During the Audit of the Department’s Consolidated Fiscal Year 1998 Financial Statements

The Government Management Reform Act of 1994 requires that audited financial statements covering all accounts and associated activities of the Department be
submitted annually to the Office of Management and Budget. A Departmentwide audit of the consolidated Fiscal Year 1998 financial statements was conducted by examining internal controls, assessing compliance with laws and regulations, evaluating accounting transaction cycles, and testing selected account balances at various Department facilities.