Bureau of Alcohol, Tobacco, Firearms and Explosives Controls Over Its Weapons, Laptop Computers, and Other Sensitive Property

摘要

This audit report contains the Annual Financial Statement of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) for the fiscal years (FY) ended September 30, 2007, and 2006. Under the direction of the Office of the Inspector General (OIG), KPMG LLP (KPMG) performed the audit, which resulted in an unqualified opinion on the FY 2007 financial statements. An unqualified opinion means that the financial statements present fairly, in all material respects, the financial position and the results of operations in conformity with generally accepted accounting principles in the United States. The FY 2006 audit also resulted in an unqualified opinion (OIG Report No. 07-12). KPMG also issued reports on internal control and on compliance and other matters. In their Independent Auditors Report on Internal Control, the auditors identified two significant deficiencies, one of which was considered to be a material weakness. Effective for FY 2007, the term reportable condition was changed to the term significant deficiency, and new definitions of material weakness and significant deficiency were introduced in auditing standards generally accepted in the United States. See Government Auditing Standards and Office of Management Budget Bulletin No. 07-04, Audit Requirements for Federal Financial Statements.