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FGMSD-79-44 1 (1979-07-19)

handle is hein.gao/gaobaazmf0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congresb OF THE UNITED STATES 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 is responsible for auditing these funds and for providing the results to the funding agencies. From its review of HEW's audits at 20 in- stitutions that received the most Federal support during fiscal 1975, GAO con- cluded that HEW was trying to do too much with too few audit resources. As a result, audits were not conducted as frequently as they should have been and were omitted entirely at a number of institutions. In addition, and probably associated with the resource problem, GAO noted that certain phases of some audits were not performed in a manner consistent with GAO audit stand- ards. Finally, while recognizing the difficulties posed by inadequate university accounting systems, GAO believes that HEW needs to do a better job of verifying cost allow- ability. 0 S 109912 FGMSD-79-44 JULY 19, 1979

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