Audit Oversight: Report on Quality Control Review of KPMG, LLP and Defense Contract Audit Agency Office of Management and Budget Circular No. A-133 Audit Report of Illinois Institute of Technology Research Institute Fiscal Year Ended June 30, 1997

The firm of KPMG, LLP (KPMG) and the Defense Contract Audit Agency (DCAA) performed the single audit for the Illinois Institute of Technology Research Institute (IITRI), a non-profit research organization located in Chicago, Illinois. The Office of Management and Budget (0MB) Circular No. A-133, "Audits of States, Local Governments, and Non-Profit Organizations," (0MB Circular A-133) requires the audit. IITRI expended approximately $97.1 million of Federal awards, of which $75.5 million was for DoD) and $21.6 million for other Federal agencies, during the fiscal year that ended September 30, 1997. Quality Control Review Objective. As the Federal cognizant agency for IITRI, the Office of the Inspector General, DoD, performed a quality control review to determine whether the FY 1997 report that IITRI submitted to the Single Audit Clearinghouse met the applicable reporting standards and whether KPMG and DCAA conducted the audit as applicable standards and 0MB Circular A-133 require. See Appendix A for a discussion of the scope of this review and the requirements for an 0MB Circular A-133 single audit.