Coopers & Lybrand, L.L.P. Ben Franklin Technology Center of Southeastern Pennsylvania Fiscal Year Ended August 31,1996
Abstract
The objective of a quality control review is to assure that the audit was conducted in accordance with applicable standards and meets the auditing requirements of OMB Circular A-133. As the oversight agency for BFTC, we conducted a quality control review of the Coopers & Lybrand L.L.P., audit. Our review focused on the 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, dated September 23, 1994, issued by Ernst and Young L.L.P., which found that Coopers & Lybrand L.L.P. met the objectives of the quality control review standards established by the American Institute of Certified Public Accountants and that the standards were being complied with during the fiscal year ended March 31, 1994. Ernst & Young L.L.P. commented on the need to update management representation letters, to tailor the letters to the engagement circumstances, and to comply with the Coopers & Lybrand L.L.P. policies regarding the review of unaudited interim financial information.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 29, 1997
- Accession Number
- ADA373720
Entities
People
- Barbara E. Smolenyak
- Nancy C. Cipolla
- Vera J. Garrant
Organizations
- Office of the Inspector General, U.S. Department of Defense