January 15, 2013
Department of Energy's Isotope Development and Production for Research and Applications Program's Fiscal Year 2010 Balance Sheet Audit
We contracted with the independent public accounting firm of KPMG, LLP (KPMG) to express an opinion on the Department of Energy's Isotope Development and Production for Research and Applications Program's (Isotope Program) Fiscal Year 2010 Balance Sheet. KPMG concluded that the Isotope Program's balance sheet as of September 30, 2010, is presented fairly, in all material respects, in conformity with Government generally accepted accounting principles. The auditors' consideration of internal control over financial reporting resulted in two material weaknesses (Controls over Inventory Accounting; and, Improvements Needed in the Preparation and Review of Manual Journal Entries) and one significant deficiency (Unclassified Network and Information Systems Security).
Topic: Management & Administration