December 17, 2012
Management Letter on the Audit of the Department of Energy's Consolidated Financial Statements for Fiscal Year 2012
KPMG, LLP noted certain matters involving internal control and other operational matters during their audit of the Department of Energy's (Department) Consolidated Financial Statements for Fiscal Year (FY) 2012. These matters are intended to improve the Department's internal controls or result in other operational efficiencies.
The management letter contains 16 new findings and 7 repeat findings that were issued during the course of the FY 2012 Audit of the Department's Consolidated Financial Statements. Management generally concurred with and provided planned corrective actions for most of the recommendations listed in the management letter and management's comments are included in each finding.
Topic: Management & Administration