Quality Control Review of PricewaterhouseCoopers, LLP, for 0MB Circular A-133 Audit Report of Institute for Defense Analyses, Fiscal Year Ended September 25,1998

摘要

On December 4, 1998, PricewaterhouseCoopers, LLP, (PwC) issued their single audit report containing unqualified opinions on the financial statements, the Schedule of Expenditures of Federal Awards, and the compliance with requirements applicable to the Federal contracts at the Institute for Defense Analyses (IDA). In addition, PwC provided reports on internal control over financial reporting and over compliance and prepared a Schedule of Findings and Questioned Costs that summarizes the results of the single audit. The Defense Contract Audit Agency (DCAA), Alexandria, Virginia, also submitted a report dated October 1, 1999, as required by the Circular, that duplicated PwC reporting on internal control over compliance; related opinions on compliance of major contracts with laws, regulations and the contract provisions and the Schedule of Expenditures of Federal Awards; and a Schedule of Findings and Questioned Costs. In contrast to PwC, DCAA described internal control weaknesses that they considered reportable but not material and one instance of noncompliance with the Allowable Costs/Cost Principles requirement.