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report that no weaknesses were found in accounting and controls; Mr. Mann did, however, note one minor failure to comply with appropriations language, which problem has been rectified. Mr. Mann emphasized that Coopers and Lybrand has had excellent cooperation from the staff, and he added that the audit for fiscal year 1982 appropriated funds will be conducted and reported simultaneously with the audit of fiscal year 1982 trust funds. Mr. Mann also distributed copies of Coopers and Lybrand's plan for auditing the September 30, 1982 financial statements of trust funds and federal appropriations for the Committee's consideration.

Mr. Hughes reviewed the circumstances which led to the current, still incomplete audit of the exchanges and related practices in the gem collection. He said that some apparent discrepancies in the values of exchanges and other transactions are being reviewed in detail with the assistance of an independent appraiser, and results will be made known to the Committee. Mr. Acheson reported that Senator Jackson had expressed his concern about this matter, and the Committee concurred in the expression. There was a consensus that the policies of Smithsonian in purchases, sales, and exchanges of collections should have significantly higher standards than those prevailing among the communities of dealers and private collectors. Introducing a status report on equal opportunity and affirmative action, Mr. Jameson noted the presence of the following staff who joined the meeting at this point:

Will Douglas, Jr., Director, Office of Equal Opportunity
Howard Toy, Director, office of Personnel Administration
Robert A. Dierker, Assistant General Counsel
Adrienne S. Hedman, External Programs Manager, Office of Equal Opportunity
Gretchen G. Ellsworth, Director, Office of Fellowships and Grants