Publicly Released: February 10, 2021
Objective
The objective of this quality control review was to determine whether BDO USA, LLP (BDO) performed the FY 2019 single audit of the Henry M. Jackson Foundation for the Advancement of Military Medicine (the Foundation) in accordance with auditing standards and Federal requirements.
Background
Non‑Federal entities that expend Federal funds of $750,000 or more in a year are subject to Public Law 104‑156, “Single Audit Act Amendments of 1996,” (the Single Audit Act) and Title 2 Code of Federal Regulations part 200 (the Uniform Guidance) requirements. The Single Audit Act was enacted to promote sound financial management of Federal awards administered by non‑Federal entities and to establish uniform requirements for audits of Federal awards. The Uniform Guidance sets forth the standards for obtaining consistency and uniformity in the audit of non‑Federal entities expending Federal awards. The Foundation is a nonprofit organization authorized by Congress in May 1983 to support military medical research. During FY 2019, the Foundation expended $476.9 million in Federal awards on one major program, the Research and Development Cluster. Of the $476.9 million, $267.5 million was expended for DoD programs within the Research and Development Cluster. The Foundation engaged BDO to perform the Foundation’s FY 2019 single audit.
Review Results
BDO complied with auditing standards and Uniform Guidance requirements when it performed the FY 2019 single audit of the Foundation.
This report is the result of Proj. No. D2020-DEV0SO-0156.000