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Department of Health and Human Services

Office of Inspector General -- AUDIT

"Financial Audit of the Food and Drug Administration's Revolving Fund for Certification and Other Services," (A-15-93-00007)

August 27, 1993

Complete Text of Report is available in PDF format (3.35 mb). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.


This final audit report prepared by KPMG Peat Marwick (KPMG), independent public accountants, under contract with the Office of Inspector General indicates opportunity for improving financial management at the Food and Drug Administration (FDA). The Chief Financial Officers Act requires that the audit report be prepared in accordance with Government Auditing Standards and the Office of Management and Budget's Bulletin 93-06, Audit Requirements for Federal Financial Statements. The KPMG's auditors expressed an unqualified opinion on FDA's Revolving Fund for Certification and Other Services' (Fund) financial statements but found problems with internal controls and compliance with laws and regulations in the areas of input and processing controls, overhead allocation, and proprietary and budgetary account balancing. They also found that while some prior year problems were resolved, other problems found in the previous year's audit have not been fully resolved.