Deloitte & Touche LLP Oregon Graduate Institute of Science and Technology Fiscal Year Ended June 30, 1996

摘要

The objective of a quality control review is to assure that the audit was conducted in accordance with applicable standards and meets the auditing requirements of OMB Circular A-133. As the Federal oversight agency for OGI, we conducted a quality control review of the Deloitte & Touche LLP audit working papers. We focused our review on the following qualitative aspects of the audit: due professional care, planning, supervision, independence, quality control, internal controls, substantive testing, general and specific compliance testing, and the Schedule of Federal Awards. We reviewed the most recent peer review letter, dated November 25, 1996, issued by Ernst & Young LLP. The peer review found that Deloitte & Touche LLP met the objectives of the quality control review standards established by the American Institute of Certified Public Accountants and that the standards were being complied with during the fiscal year ended March 31, 1996. However, recommendations for improvements were noted in two areas: supervision and independence.