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Audit Report: OAS-M-05-05

May 10, 2005

Management Controls over Patent and Royalty Income at Ames Laboratory

The Ames Laboratory did not control royalty income resulting from the successful commercialization of its Revenues research. Rather, it relied on a third party entity to account for and control its royalty revenues without any independent verification of its status. Furthermore, Ames did not use available funds to further its research, technology transfer or education missions.