Thursday, 30 July 2015

Daily News Updates

The Department of Justice’s Office of Inspector General issued a report criticizing PricewaterhouseCoopers’ audit of Big Brothers Big Sisters of America and has referred to the matter to the American Institute of CPAs’ Professional Ethics Division.

The report, which the Inspector General issued Monday, concerns a quality control review of a PwC audit of Big Brothers Big Sisters for the fiscal year ended June 30, 2011. An earlier audit report by the Inspector General from June 2013 regarding over $23 million in grants awarded between 2009 and 2011 to Big Brothers Big Sisters by the DOJ found that the organization was in material noncompliance with the majority of grant requirements tested. As a result, the Inspector General questioned over $19 million in funding that the charity had received.

 

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