This excerpt taken from the BBEP 10-K filed Apr 2, 2007.
Managements Plan for Remediation of the Material Weakness
This material weakness arose from the contribution of assets to the Partnership in connection with its initial public offering, and is not the type of transaction that will recur on a regular basis in the future. Nevertheless, to address the material weakness in our internal control over financial reporting and prevent any similar event from occurring, management has designed a remediation plan to enhance the process in place for managements review of the preliminary draft financials and variance analyses. Currently, there is a detailed primary review of the preliminary financials which is secondarily reviewed at a high level. The secondary review ensures all actions from the primary review were effectively addressed before the financials are finalized. Management has determined that both the primary and secondary review should be detailed reviews and more rigorous variance analyses of financial statement account fluctuations should be performed. In addition, accounting errors identified in the primary review will be documented and evidence of correction of those items will be confirmed during the secondary review prior to the issuance of the final financial statements. Additional technical financial resources also will be allocated to the secondary review to ensure that material misstatements do not occur in the future.