Coopers & Lybrand, L.L.P. Worcester Polytechnic Institute Fiscal Year Ended June 30,1996
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 cognizant agency for WPI, we conducted a quality control review of the 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. The engagement partner informed us that Coopers & Lybrand L.L.P. recently had a peer review performed by Ernst & Young LLP for the year ended March 31, 1997, and the peer review letter has not yet been issued. We reviewed the most recent peer review letter, dated September 23, 1994, issued by Ernst & Young LLP, 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.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 30, 1997
- Accession Number
- ADA373772
Entities
People
- Barbara E. Smolenyak
- Nancy C. Cipolla
- Steven E. Zane
Organizations
- Office of the Inspector General, U.S. Department of Defense