Financial Audit of Veterans Administration Contract With National Academy of Sciences

HRD-78-137: Published: Jul 14, 1978. Publicly Released: Aug 14, 1978.

Additional Materials:

Contact:

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

A financial audit of the Veterans Administration (VA) contract with the National Academy of Sciences (NAS) for a study of the VA health care system showed that costs claimed to have been incurred under the contract and billed to the VA were adequately supported, properly accounted for, and allocable under the terms of the contract and Federal Procurement Regulations. However, certain NAS policies and practices warrant attention. The NAS should: revise its policy of applying a full-fringe benefits rate for hourly employees who are not eligible to participate in the NAS full-fringe benefits program, time the withdrawal of funds against letters of credit to be consistent with actual cash requirements, and adequately document the bases for approving subcontractors' overhead rates.

Sep 20, 2016

Sep 6, 2016

Aug 19, 2016

Aug 12, 2016

Jul 29, 2016

Jul 28, 2016

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Looking for more? Browse all our products here