AUDIT OF CONTRACT (Classified)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-05538A000300040065-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: December 9, 2016
• Document Release Date: March 17, 2000
• Sequence Number: 65
• Publication Date: December 14, 1954
• Content Type: MEMO

Approved For Release
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Audit Branch, dated 8 December 1954, subject above
1. As is indicated by the attached reference, this office has been
unable to obtain access to the records of a sub-
tractor under for the purpose of comp et ng its
audit for closing the contract settlement,
14
contras
protect
1954
b. In spite of the deficiency in the basic contractual agree--
mentsE at least a minimum audit has been conducted with respect to
verification of 25,402.48 of the total costa of $547,576.55
clad under the contract.
a. Although the validity of security objections to completion
recognize nor provide for oorditiona of
o the folio
the problem has arisen beca
retractor by representatives of this office
questionable nature, in view of the laik of audit
.one in the contract and previous use of a witting CPA, it
is doubtful that we can sustain the position that audit must be by
our representatives.
d. In view of the results obtained from Previous use 0
tracts it is extremely doubtful that use of a witti g#
eared CPA would result in sufficient adjustment of costs
justify the cost of such audit.
e. The Audit Office believes that audit requitenta of the
25X1 A subject contract have been satisfied
subcontractor prepared by
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Approved For Release 20"f p - VDP78 O &88A0003000yrQ 4
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Audit of Oontract
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id e CPA on audit under the contract and the broad general
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 Approved For Release 200tI CIA-RDP78-05538A000300040065-4
?c , it is my r xdatiOn
.t to rther audit.. Bub jest
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At - Refere-
FD/LEB:mot
cc: Indus. Cont. Aud. Br., FD
Approved For Release 20,
C A-RDP78-4513 }00300040065-4
 Approved For Release 2000/08/29 : CIA-RDP78-05538A000300040065-4
MISSING PAGE
ORIGINAL DOCUMNT.PaSSZNG PAGE(S):
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Approved For Release 2000/08/29 : CIA-RDP78-05538A000300040065-4