ABSTRACT

Audit Report: Federal Energy Regulatory Commission's Fiscal Year 2012 Financial Statement Audit   [open pdf - 408KB]

"The attached report presents the results of the independent certified public accountants' audit of the Federal Energy Regulatory Commission's (Commission) balance sheets as of September 30, 2012 and 2011, and the related statements of net costs, changes in net position, budgetary resources and custodial activity. To fulfill the Office of Inspector General's (OIG) audit responsibilities, we contracted with the independent public accounting firm of KPMG, LLP (KPMG) to conduct the audit, subject to our review. KPMG is responsible for expressing an opinion on the Commission's financial statements and reporting on applicable internal controls and compliance with laws and regulations. The OIG monitored audit progress and reviewed the audit report and related documentation. This review disclosed no instances where KPMG did not comply, in all material respects, with generally accepted Government auditing standards. The OIG did not express an independent opinion on the Commission's financial statements. KPMG concluded that the financial statements present fairly, in all material respects, the financial position of the Commission as of and for the years ended September 30, 2012 and 2011, and its net costs, changes in net position, budgetary resources and custodial activities for the years then ended, in conformity with United States generally accepted accounting principles."

Report Number:
Department of Energy, Office of Inspector General, Report No. OAS-FS-13-03
Publisher:
Date:
2012-11
Copyright:
Public Domain
Retrieved From:
United States. Department of Energy: http://energy.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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