The primary purpose of a QCR is to determine whether the financial statement audit work, compliance audit work, and the associated review of internal controls over both financial reporting and compliance are conducted in accordance with applicable standards and the OIG guidance. The standards and guidance include Government Auditing Standards, American Institute of Certified Public Accountants standards, Office of Management and Budget (OMB) Circular A-133, the Uniform Grant Guidance, and the OIG's Audit Guide for Recipients and Auditors, which includes the OIG's Compliance Supplement.
The information presented below is a summary of the results of our Quality Control Reviews (QCR) of Financial Statement audits conducted by LSC Grantees’ Independent Public Accountants(IPAs). The QCRs are performed by an outside independent consulting firm under contract with the OIG.
Listing of Capstone reports:
Advisory to Executive Directors and Grantee Independent Public Accountants re:Summary Results of Quality Control Reviews (QCRs) for FY 2012 Financial Statements Audits 03/2014
Advisory to Executive Directors and Grantee Independent Public Accountants re:Summary Results of Quality Control Reviews (QCRs) for FY 2011 Financial Statements Audits 03/2013
Pursuant to 45 C.F.R. § 1641 the Legal Unit conducts proceedings to debar IPAs who have failed significantly to comply with government auditing standards and OIG audit guidance.