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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
Nuclear Regulatory Commission
Memorandum Report: Audit of NRC's Regulation of Nuclear Fuel Cycle Facilities
The Daily Coal Report (DCR) is used to identify variances between vendor/terminal and TVA shipment weights and to graph the identified variances.We performed an inspection to verify that TVA and vendor/terminal shipment weights were accurately entered into the DCR for the period December 1, 2005, through May 3, 2006.Of the 482 tested coal shipments from nine fossil plants, 33 shipments were not recorded in the DCR in accordance with TVA weight documentation and/or vendor/terminal bills of lading.We also found that (1) significant variances exist between TVA coal weights and vendor/terminal shipment weights, based on the weights recorded in the DCR and (2) some practices are inconsistent between fossil plants.We recommended that the general manager, Fossil Fuel Supply, consider developing a standard process and procedure which: (1) defines how to account for missing or extra rail cars, (2) specifies the requirements for the tracking, reconciliation, and reporting of missing and extra rail cars, and (3) emphasizes that comments must be entered in the DCR when events occur that affect TVA and/or vendor/terminal weights.TVA management agreed with our findings and has initiated or plans to initiate corrective action. Summary Only
The Tennessee Valley Authority (TVA) contracted with the independent certified public accounting firm of PricewaterhouseCoopers LLP (PwC) to audit the balance sheets as of September 30, 2006, and the related statements of income, changes in proprietary capital, and cash flows for each of the three years in the period ended September 30, 2006. The contract required the audit be done in accordance with generally accepted government auditing standards.Our review disclosed no instances where PwC did not comply, in all material respects, with generally accepted government auditing standards.
This report is Sensitive But Unclassified. To obtain further information, please contact the OIG Office of Counsel at OIGCounsel@oig.treas.gov, (202) 927-0650, or by mail at Office of Treasury Inspector General, 1500 Pennsylvania Avenue, Washington DC 20220.
