Generally speaking, B&W Pantex, the former fed contractor at the Pantex nuclear weapons plant in Texas, got a pretty positive look-back audit at the way it spent government funding. The audit of cost allowability during Fiscal 2013 through June 30, 2014 — the last performance period for the contractor — found no big issues in the way B&W accounted for spending federal dollars.
Overall, the contractor incurred and claimed costs totaling about $966 million. Of that total, there are still questions about $167,327, and that’s supposed to be resolved by the end of March.
The IG said nothing came to light that suggested the audit work performed by B&W could not be relied upon. The report added: “We did identify any material internal control weaknesses with the cost allowability audits, which generally met the Institute of Internal Auditors International Standards . . .”