Audit of Legal Fees Paid to Peabody & Arnold, L.L.P.

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AUDIT OF LEGAL FEES PAID TOPEABODY & ARNOLD, L.L.P.Audit Report No. 99-033August 5, 1999OFFICE OF AUDITSOFFICE OF INSPECTOR GENERAL W August 5, 1999 MEMORANDUM TO: James T. FROM : SUBJECT: Audit of Legal Fees Paid to Peabody & Arnold, L.L.P. (Audit Report No. 99-033)payments to Peabody & Arnold, L.L.P., from January 1, 1998 through December 31, 1998,which included 87 fee bills totaling $3,128,208.recommendations. In its response, the Legal Division agreed to disallow questioned costsAssistant Inspector General, at (202) 416-2522.If you have any questions, please call me at (202) 416-2543 or Allan H. Sherman, Deputytotaling $4,037. The OIG’s evaluation of management’s comments is presented in Appendix I.this report that furnished the requisites for a management decision on each of theThe Legal Division provided a written response on July 21, 1999 (see Appendix II) to a draft oflitigation that had been approved in advance by the Legal Division. The audit covered allaccordance with applicable agreements, and (3) representative of the cost of services andfirms legal bills were: (1) adequately supported by source documentation, (2) prepared in& Rodriguez conducted the audit. The objective of the audit was to determine whether the lawMir-Fox hired by the FDIC to ...

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