U.S. Department of Energy Naval Petroleum Reserve Number 1 quarterly financial statements, December 31, 1996 and 1995

Technical Report · Tue Mar 18 04:00:00 EST 1997

DOI:https://doi.org/10.2172/481488· OSTI ID:481488

The report presents the results of the independent certified public accountants` review of the Department of Energy`s Naval Petroleum Reserve Number 1 interim financial statements as of December 31, 1996 and 1995. The review was done in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. A review of interim financial statements consists principally of inquiries of NPR-1 personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements take as a whole. Accordingly, the certified public accountants do not express such an opinion. The auditors have stated that, except for the omission of certain disclosures, they are not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with the other comprehensive basis of accounting described in Note 1 to the financial statements.

• Research Organization: KPMG Peat Marwick LLP, Salt Lake City, UT (United States)
• Sponsoring Organization: USDOE Office of Inspector General, Washington, DC (United States)
• OSTI ID: 481488
• Report Number(s): WR-FC--97-06; ON: TI97006010; NC: NONE
• Country of Publication: United States
• Language: English

Related Subjects

99 GENERAL AND MISCELLANEOUS
AUDITS
FINANCIAL DATA
PROGRAM MANAGEMENT
PROGRESS REPORT
US NAVAL PETROLEUM RESERVES