The US Senate’s Committee on Agriculture, Nutrition and Forestry wrote a letter to the Commodity Futures Trading Commission requesting additional information on the CFTC’s leasing and accounting practices that recently prompted KPMG to issue a qualified opinion regarding the CFTC’s financing and note that it had material inadequacies in internal controls. KPMG found that during its 2014 and 2015 fiscal years, the CFTC may have improperly accounted for office leases. (Click here for additional information regarding KPMG’s findings in the article, “KPMG Issues Only a Qualified Opinion to the CFTC for Its 2014 and 2015 Financial Statements and Finds a Material Weakness in the CFTC’s Internal Controls” in the January 24, 2016 edition of Bridging the Week.)