Transformer can't read Cognos Reports

[scott_cmpa]

I have a new install of Cognos Transformer 10.2.1.  It is able to connect to Cognos (10.2.1) and see all of the Cognos reports, but when I select one as a data source it reports back that all of the data elements in the report do not exist:

RPT-DBL-3501 The following error was detected attempting to validate the report:  QE-DEF-0359 The query contains a reference to at least one object that does not exist.

This very same report runs perfectly well in Cognos Report Studio without validation issues.

Cognos Transformer is able to see and read data from Cognos packages without a problem.

Any ideas what is wrong?  Seems like a meta-data disconnect to me.  Configuration appears correct.