We audited $25 million of costs billed to TVA by a contractor for providing research and development activities. In summary, we found (1) TVA made invoice payments in advance of the work being performed, thus losing an estimated $1,125,000 in interest over the audit period, (2) project status reports submitted by the contractor were incomplete and inaccurate, and (3) TVA was delinquent in recovering overfunded project amounts.We recommended TVA management (1) discontinue the use of advanced payments unless the contractor is required to pay interest on the advanced payments; (2) require the contractor to provide a final status report for all projects worked, and (3) recover all unspent funds and institute procedures for ensuring the timely collections of all future overpayments. Summary Only
| Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
|---|---|---|---|---|---|
| Tennessee Valley Authority | Contract for Research and Development Services | Audit | Agency-Wide | View Report | |
| Department of Justice | The United States National Central Bureau of INTERPOL | Audit | Agency-Wide | View Report | |
| Federal Deposit Insurance Corporation | Material Loss Review of Security Savings Bank, Henderson, Nevada | Audit |
|
View Report | |
| Federal Deposit Insurance Corporation | Material Loss Review of Freedom Bank of Georgia, Commerce, Georgia | Audit |
|
View Report | |
| Federal Deposit Insurance Corporation | Material Loss Review of Heritage Community Bank, Glenwood Illinois | Audit |
|
View Report | |
| Office of Personnel Management | Audit of the American Postal Workers Union's Pharmacy Operations as Administered By Medco Health Solutions, Inc. 2003 - 2007 | Audit | Agency-Wide | View Report | |
| Office of Personnel Management | Audit of the Special Agents Mutual Benefit Association's Pharmacy Operations As Administered By Medco Health Solutions, Inc. | Audit | Agency-Wide | View Report | |
| Office of Personnel Management | Audit of the American Foreign Service Protective Association's Pharmacy Operations As Administered Medco Health Solutions,Inc 2003-2007 | Audit | Agency-Wide | View Report | |
| Office of Personnel Management | Audit of the Government Employees Hospital Association's Pharmacy Operations As Administered By Medco Health Solution, Inc. | Audit | Agency-Wide | View Report | |
| Department of Justice | Review of the Department of Justice’s Effort to Prevent Staff Sexual Abuse of Federal Inmates | Inspection / Evaluation | Agency-Wide | View Report | |
