A REVIEW OF PROCEDURES FOR SAFEGUARDING AND ACCOUNTING FOR SPECIAL NUCLEAR MATERIALS

Many of you who control special nuclear materials have probably wondered what public accountants would do in performing a review of procedures for safeguarding and accounting for special nuclear materials. As many of you are aware, license agreements normally require that licensee management, independent of the nuclear materials control manager, conduct an annual review of nuclear material control procedures and management of the overall system of special nuclear material control and report the findings to the plant general m aager. In the spring of 1970, we were asked by one of our clients, a fabricator of components for government contracts, to undertake a review of this nature. The purpose of this discussion is to outline for you the key audit steps we performed during the course of our review. The actual scope of the examination was more extensive than will be illustrated and has been condensed in this presentation in order to give you an overall broad understanding of the nature of our audit tests. The objective of our review, of course, was to be able to conclude that the procedures in effect for safeguarding and accounting for special nuclear materials at this particular facility were adequate.