Publicly Released: September 9, 2021
The objective of this quality control review was to determine whether BKD, LLP (BKD) performed the FY 2020 single audit of MRIGlobal and Related Entities (MRI) in accordance with generally accepted government auditing standards and Federal requirements for single audits.
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 (CFR) 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 establishes the standards for obtaining consistency and uniformity among Federal agencies for the audit of non-Federal entities expending Federal awards.
MRI is a not-for-profit research and development organization established in 1944 and based in Kansas City, Missouri. MRI conducts global technology-based research in national security and defense, energy and environment, life and animal sciences, agriculture, and food safety and transportation. MRI performs research for government agencies, commercial businesses, and academic institutions. During FY 2020, MRI spent $62.7 million in Federal awards on one major program, the Research and Development Cluster. Of the $62.7 million, MRI spent $36 million on DoD programs. MRI engaged BKD to perform the FY 2020 single audit.
BKD complied with generally accepted government auditing standards and Uniform Guidance requirements when it performed the FY 2020 single audit of MRI.
This report is the result of Proj. No. D2021-DEV0SO-0097.000.