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Report of Independent Auditors – Cover Letter

November 9, 2011

Image of United States Department of Commerce logo on letterhead from the Inspector General.
Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office
FROM: Signature of Todd J. Zinser.
Todd J. Zinser
SUBJECT: FY 2011 Financial Statements
Final Report No. OIG-12-006-A


I am pleased to provide you with the attached audit report, which presents an unqualified opinion on the U.S. Patent and Trademark Office’s fiscal year 2011 financial statements. KPMG LLP, an independent public accounting firm, performed the audit in accordance with U.S. generally accepted government auditing standards and Office of Management and Budget Bulletin 07-04, Audit Requirements for Federal Financial Statements, as amended.

In its audit of USPTO, KPMG found

  • that the financial statements were fairly presented in all material respects and in conformity with U.S. generally accepted accounting principles;
  • no deficiencies in internal control over financial reporting that were considered to be a material weakness, as defined in the report; and
  • no instances of reportable noncompliance with applicable laws, regulations, and contracts.

My office oversaw the audit performance. We reviewed KPMG’s report and related documentation, and made inquiries of its representatives. Our review disclosed no instances where KPMG did not comply, in all material respects, with generally accepted government auditing standards. However, our review cannot be construed as an audit in accordance with these standards; it was not intended to enable us to express—nor do we express—any opinion on USPTO’s financial statements, conclusions about the effectiveness of internal controls, or conclusions on compliance with laws, regulations, and contracts. KPMG is solely responsible for the attached audit report, dated November 4, 2011, and the conclusions expressed in the report.

If you wish to discuss the contents of this report, please call me at (202) 482-4661, or Ann C. Eilers, Principal Assistant Inspector General for Audit and Evaluation, at (202) 482-2754.

We appreciate the cooperation and courtesies USPTO extended to KPMG and my staff during the audit.




Image of Office of Inspector General logo.Scott B. Quehl, Chief Financial Officer and Assistant Secretary for Administration
Anthony P. Scardino, Chief Financial Officer, USPTO

United States Patent and Trademark Office
Last Modified: 01/03/2012 14:04:40