March 20, 2019

Management Letter on the Western Federal Power System’s Fiscal Year 2018 Financial Statement Audit

Pursuant to requirements established by the Government Management Reform Act of 1994, the Office of Inspector General engaged the independent public accounting firm of KPMG LLP to perform the audit of the Western Federal Power System’s Fiscal Year 2018 Financial Statements.  During the audit, KPMG LLP considered the Western Federal Power System’s internal controls over financial reporting and tested for compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. 

During the course of the audit, KPMG LLP identified six deficiencies related to internal controls.  To address these findings, KPMG LLP made 10 recommendations.  Management fully concurred with all recommendations and had taken or planned to take corrective actions.

Topic: Management & Administration