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Audit Report: OAS-FS-13-01

September 30, 2012

Uranium Enrichment Decontamination and Decommissioning Fund's Fiscal Year 2011 Financial Statement Audit

The Office of Inspector General (OIG) engaged the independent public accounting firm of KPMG, LLP (KPMG) to perform an audit of the United States Department of Energy's Uranium Enrichment Decontamination and Decommissioning (D&D) Fund's FY 2011 financial statements.  KPMG concluded that the financial statements present fairly, in all material respects, the financial position of the D&D Fund as of September 30, 2011, and its net costs, changes in net position, and budgetary resources, in conformity with United States generally accepted accounting principles.

As part of this review, the auditors also considered the D&D Fund's internal controls over financial reporting.  The audit identified certain deficiencies, related to recording of environmental liabilities, that were considered to be a material weakness, and other deficiencies, related to unclassified network and information systems security and financial statement preparation, that were considered to be significant deficiencies.  In response to the findings, Department management concurred with the recommendations and proposed and took corrective actions to correct errors, strengthen processes and fully implement policies and procedures.