New Audit Announcements
Audit initiated of Financial Policies and Procedures at the National Crash and Analysis Center
The Office of Inspector General will perform an audit of George Washington University’s proposed corrective actions taken to strengthen internal controls over cooperative agreements performed at the National Crash and Analysis Center. Since 1995, the Federal Highway Administration and National Highway Traffic and Safety Administration have provided more than $23 million in funding to George Washington University for the National Crash Analysis Center. In a June 14, 2004 letter, the University notified the Federal Highway Administration of serious financial misconduct and conflicts of interest that resulted in overcharges and unsupported billings on the current cooperative agreement, DTFH61-02-X-00076. The Federal Highway Administration suspended the cooperative agreement and requested that George Washington University provide a corrective action plan to strengthen its financial management controls to prevent similar problems from occurring in the future.
Our audit objective is to determine whether George Washington University’s corrective actions and revised financial policies provide adequate internal controls to prevent improper payments on cooperative agreements administered by the Federal Highway Administration and other Federal agencies. We also plan to review the Federal Highway Administration’s oversight of the cooperative agreements with George Washington University.
We plan to start this audit in January 2005.