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Government Contractors: Internal Controls and Charging Practices at TRW, Inc.

AFMD-89-34 Published: Jul 20, 1989. Publicly Released: Aug 22, 1989.
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Highlights

Pursuant to a congressional request, GAO reviewed whether a major defense contractor found any contract cost misclassifications at one of its locations similar to those it uncovered at two other locations in 1984, focusing on: (1) the extent of the contractor's internal audits; (2) the extent of external audits of the contractor's government business; and (3) whether the external auditors audited the contractor's classified contracts.

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Audit oversightAuditing proceduresClassified informationDefense auditsDepartment of Defense contractorsInternal auditsInternal controlsLabor costsQuestionable procurement chargesResearch and development contracts