Need for More Effective Audits of Federal Grants and Contracts Administered by Institutions of Higher Education

The Federal Government provided about $14.4 billion to over 2,500 colleges and universities during fiscal 1974 through 1976. The Department of Health, Education, and Welfare (HEW) is responsible for auditing these funds and for providing the results to the funding agencies. In order to determine the adequacy of the coverage of Federal grants and contracts made by the HEW audit agency, a review was made of the audit work performed during fiscal 1974 through 1976 at the 20 institutions which received the most Federal support during fiscal 1975.