Audit of selected government-funded grants and contracts at Princeton University
This audit was performed to determine the allowability of costs claimed by Princeton under 20 Government-funded, cost-reimbursement grants and contracts (agreements). The agreements audited were those assigned to two principal investigators who were also employed by a commercial business. The audit included test procedures for validating claimed costs by records tracing. For indirect costs and employee benefit costs, the audit analyzed whether claimed costs were based on approved fixed rates applied to appropriate allocation bases. In addition to reviewing Princeton`s records, documentation from the commercial business was reviewed. The audit identified conditions that called into question the amount of labor effort and expenditures incurred on the 20 Princeton agreements. Specifically, the number of hours that the principal investigators reported to have worked at the commercial business raised doubt about the amount of effort that was actually devoted to the agreements. Based on audit findings, recommendations were made for corrective actions by Princeton and for cost recovery by the contracting officers.
|Year of publication:||
|Subject:||mathematics, computers, information science, management, law, miscellaneous | EDUCATIONAL FACILITIES | AUDITS | FINANCING | CONTRACTS|
|Type of publication:||Other|
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