Quality Control Review of Coopers & Lybrand L.L.P and the Defense Contract Audit Agency The Rand Corporation Fiscal Year Ended September 24,1995
Abstract
The objective of a quality control review is to ensure that the audit was conducted in accordance with applicable standards and meets the auditing requirements of OMB Circular A-133. As the Federal oversight agency for RAND, we conducted a quality control review of the Coopers and DCAA audit working papers. We focused our review on the following qualitative aspects of the audit: due professional care, planning, supervision, independence, quality control, internal controls, substantive testing, general and specific compliance testing, and the Schedule of Federal Awards. We reviewed the most recent peer review letter for Coopers, issued by Ernst & Young L.L.P., on September 23, 1994. The peer review found that Coopers met the objectives of the quality control review standards established by the American Institute of Certified Public Accountants and that Coopers complied with the standards during the fiscal year ended March 3 1, 1994.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 17, 1998
- Accession Number
- ADA373674
Entities
People
- Andrew Katsaros
- Barbara E. Smolenyak
- Donald D. Steele
- Sunil R. Kadam
- Vera J. Garrant
Organizations
- Office of the Inspector General, U.S. Department of Defense