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B-160759 1 (1974-01-28)

handle is hein.gao/gaobaafbk0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 RESOURCES AND ECONOMIC DEVELOPMENT DIVISION JAN 8 1974 B-160759 The Honorable Dixy Lee Ray Chairman, Atomic Energy Commission Dear Dr. Ray: We have surveyed the organization and operation of AEC's audit function. Our survey was conducted at AEC Headquarters and at three AEC field offices--Las Vegas, Nevada; Oak Ridge, Tennessee; and Richland, Washington. We examined policies and procedures, audit reports, and supporting workpapers. We had previously reported on AEC's audit function to the Chairman, AEC, on March 21, 1968 (B-160759). Our current survey showed that the AEC audit function is, for the most part, being conducted satisfactorily. AEC statistics show that during fiscal year 1973 the AEC audit organization conducted 1,032 audits. Five hundred and thirty-six of these were functional audits, such as payroll, travel, and procurement; the remaining 496 were audits of costs incurred under cost-reimbursement contracts. These audits disclosed 1,330 items needing corrective action and $14.4 million of questionable contractual costs. In addition, during fiscal year 1973, management took corrective action on 1,166 deficiencies which the auditors had previously identified and $6.5 million in reimbursed unallowable costs was recovered from contractors. Certain aspects of the audit function--organizational location of the audit groups assigned to AEC field offices, scope of audit coverage, and timeliness of the evaluations of the work done by the auditors assigned to the field offices--need improvement. The Assistant General Manager, Controller (Controller), generally agreed with our comments and recommendations and said corrective actions would be initiated on all the recommendations, except the one on the organizational location of the auditors in the field offices. He stated that AEC would consider it further and advise us of its views at a later date. BACKGROUND Primary responsibility for AEC's audit activities rests with the Controller, who develops all audit policy. The Assistant Controller for Auditing carries out AEC's audit activities for the Controller. 77IOG-29& ____

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