Department of Health and Human Services

Office of Inspector General -- AUDIT

"Financial Audit of the National Institutes of Health's Service and Supply Fund and Management Fund for Fiscal Year 1993," (A-17-93-00037)

August 8, 1994

Complete Text of Report is available in PDF format (10 mb). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.


This final audit report, prepared by Price Waterhouse (PW), Certified Public Accountants, points out that PW could not express an opinion on the subject Funds' financial statements. The PW disclaimers of opinion resulted because (1) PW was unable to satisfy themselves as to the reliability of reported account balances for inventory, property and equipment, accounts payable, leased computer equipment, and associated revenue and expenditure accounts and (2) the necessary documentation supporting expenditures in both Funds, and data supporting revenue in the Management Fund, were not available for examination. These problems are primarily attributable to significant weaknesses in internal controls identified in prior audits that remain uncorrected.