Post Office Department Financial Control Act of 1950. Hearings...on H.R. 8923 |
From inside the book
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Page 1
... prescribed by the Comptroller General of the United States . ( c ) The Comptroller General shall cooperate with the Postmaster General in the establishment of the accounting system provided for under subsection ( b ) and shall approve ...
... prescribed by the Comptroller General of the United States . ( c ) The Comptroller General shall cooperate with the Postmaster General in the establishment of the accounting system provided for under subsection ( b ) and shall approve ...
Page 2
... prescribed by the Comptroller General . To the fullest extent practicable , as determined by the Comptroller General , all accounts of accountable officers , contracts , vouchers , or other documents which are required under existing ...
... prescribed by the Comptroller General . To the fullest extent practicable , as determined by the Comptroller General , all accounts of accountable officers , contracts , vouchers , or other documents which are required under existing ...
Page 3
... Department and provides that the Comp- troller General will prescribe the principles and standards for such system ; ( 4 ) Authorizes the Postmaster General to collect debts POST OFFICE DEPARTMENT FINANCIAL CONTROL ACT , 1950 3.
... Department and provides that the Comp- troller General will prescribe the principles and standards for such system ; ( 4 ) Authorizes the Postmaster General to collect debts POST OFFICE DEPARTMENT FINANCIAL CONTROL ACT , 1950 3.
Page 5
... prescribed by the Comptroller General , and would be subject to his approval . I wish to call your attention to a statement contained in the Hoover Com- mission report in connection with recommendation No. 6 : " Currently the service is ...
... prescribed by the Comptroller General , and would be subject to his approval . I wish to call your attention to a statement contained in the Hoover Com- mission report in connection with recommendation No. 6 : " Currently the service is ...
Page 10
... prescribed by him . The bill further provides for the establishment of a system of internal control as determined by the Department to be best suited to its needs . In addition , provision is made for a revolv- ing fund to simplify the ...
... prescribed by him . The bill further provides for the establishment of a system of internal control as determined by the Department to be best suited to its needs . In addition , provision is made for a revolv- ing fund to simplify the ...
Common terms and phrases
accepted principles accounting and audit accounting and internal Accounting Office accounting system administrative examination agencies amended 31 U. S. C. appropriations approval Asheville Assistant Asso auditing procedures authority bill Bureau certainly CHAIRMAN Citizens Committee Commission on Organization Commission's COMMITTEE ON POST Comptroller Congress cooperate Corporation Control Act cost disallowance employees enacted eral Executive Branch expenditures Federal business enterprises financial transactions fiscal FRANK L Government Corporation Control HAGEN Hatch Act Hoover Report internal control maintained JUNE 26 laws legislation MCCORMICK ment OFFICE AND CIVIL Post Office Department postal accounting postal establishment postal rates postal service Postmaster Gen preaudit of expenses principles and standards principles of auditing procedures with respect provide improved procedures real property REES revolving fund Robert L Senate committee small items standards prescribed statement Stauffacher STROM system of accounts Thank tion Tom Murray transferred Treasury Department troller Vincent Burke vouchers WARREN WHITAKER
Popular passages
Page 1 - ... States. 2603. Settlement of claims for damages caused by the Postal Service. 2604. Delivery of stolen money to owner. 2605. Suits to recover wrongful or fraudulent payments. § 2601. Collection and adjustment of debts (a) The Postal Service — (1) shall collect debts due the Postal Service; 2) shall collect and remit fines, penalties, and forfeitures arising out of matters affecting the Postal Service; (3) may adjust, pay, or credit the account of a postmaster or of an enlisted person of an...
Page 22 - The financial transactions of the Corporation for any fiscal year during which Federal funds are available to finance any portion of its operations may be audited by the General Accounting Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States.
Page 2 - The representatives of the General Accounting Office shall have access to all books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the respective corporations and necessary to facilitate the audit, and they shall be afforded full facilities for verifying transactions with the balances or securities held by depositaries, fiscal agents, and custodians.
Page 22 - all claims and demands whatever by the Government of the United States or against it, and all accounts whatever in which the Government of the United States is concerned, either as debtor or creditor, shall be settled and adjusted in the General Accounting Office.
Page 22 - Shall determine the character of and the necessity for its obligations and expenditures and the manner in which they shall be incurred, allowed, and paid. (k) Shall have authority to make final and conclusive settlement and adjustment of any claims by or against the Corporation or the accounts of its fiscal officers.
Page 1 - ... effective control over and accountability for all funds, property, and other assets for which the agency is responsible, including appropriate internal audit...
Page 2 - ... appropriate reports of the Department. SEC. 7. (a) There shall be transferred to the Department from the General Accounting Office such records, property, personnel, appropriations, and other funds of the General Accounting Office as the Postmaster General, the Comptroller General, and the Director of the Bureau of the Budget shall jointly determine in connection with the transfer of functions to the Postmaster General under section 2 (a) of this Act. Transfer of personnel under this subsection...
Page 5 - Flexibility of expenditures to meet fluctuating demands for postal service and varying conditions of operation on a Nation-wide scale. c. Reasonable freedom from restrictive laws and regulations governing contracts, purchases, and personnel practices.
Page 2 - Except as otherwise specifically provided by law, the financial transactions of each executive, legislative, and judicial agency, including but not limited to the accounts of accountable officers, shall be audited by the General Accounting Office in accordance with such principles and procedures and under such rules and regulations as may be prescribed by the Comptroller General of the United States. In the determination of...
Page 22 - ... and the manner in which they shall be incurred, allowed, and paid, without regard to the provisions of any other laws governing the expenditure of public funds and such determinations shall be final and conclusive upon all other officers of the Government...