Financial Management:

Briefing on the Results of the Financial Audit of the National Institutes of Health

AIMD-99-181R: Published: May 14, 1999. Publicly Released: May 14, 1999.

Additional Materials:

Contact:

Gloria L. Jarmon
(202) 512-4476
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the National Institutes of Health's (NIH) fiscal year (FY) 1998 financial audit report.

GAO noted that: (1) the independent public accounting firm's (IPA) audit opinion went from qualified on all NIH principal statements for FY 1997 to unqualified on all principal statements except the Statement of Financing for FY 1998; (2) the IPA qualified its opinion on the FY 1997 principal statements because: (a) NIH had not performed a complete physical inventory in the past 4 years; and (b) the amount reported as the grant accrual could not be substantiated; (3) for FY 1998, the IPA issued a disclaimer of opinion on the Statement of Financing because NIH could not reconcile differences between its net cost and budgetary obligations; and (4) in NIH's response to the IPA's report, management concurred with the findings and stated that they would develop a corrective action plan to address the weaknesses.

Oct 2, 2017

  • auditing icon, source: PhotoDisc

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 26, 2017

Jul 13, 2017

Jul 12, 2017

Jun 30, 2017

Jun 29, 2017

Jun 14, 2017

Jun 13, 2017

May 25, 2017

Looking for more? Browse all our products here