Financial Management:
Comparison of the Arthur Andersen Study and the Ernst and Young Financial Audit of the National Institutes of Health
AIMD-99-9R: Published: Oct 2, 1998. Publicly Released: Oct 2, 1998.
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Pursuant to a legislative requirement, GAO compared the results of the Arthur Andersen (AA) study of the National Institutes of Health's (NIH) operations and the Ernst and Young (E&Y) audit of NIH's fiscal year 1997 financial statements to determine if they contained any conflicting information.
GAO noted that: (1) it compared the two reports and found no conflicting information; (2) rather, the reports were complementary, discussing the need to improve management controls and making recommendations that, if properly implemented, could improve overall financial management of NIH's operations; (3) although the reports did not have the same focus, some of the issues they discussed were similar; (4) the AA study, which was much broader in scope, focused on 17 administrative functions of NIH and their respective costs; (5) these functions included information technology, finance, procurement, property management, intramural and extramural research management, personnel, and budget; (6) for each function, AA discussed in detail related issues, identified best practices, and made recommendations; (7) the E&Y audit focused more on internal controls, compliance with laws and regulations, and issues that may impact NIH's financial statements; and (8) these issues included property, plant, and equipment, grant accrual, the decentralized accounting environment, physical access controls to systems, and grant monitoring.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 9, 2020
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Defense Real Property:
DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of RecordsGAO-20-615: Published: Sep 9, 2020. Publicly Released: Sep 9, 2020.
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