...year. "(b) The financial transactions of the Corporation shall be audited by the Commission on Audit in accordance with the principles and procedures applicable...transactions and under such rules and regulations as may be prescribed by the Commission on Audit. The audit shall be conducted at the place or places where...

...any fiscal year during which Federal funds are available to finance any portion of its operations may iated the su may be prescribed by the Comptroller General of the United States. Any such audit shall 'be conducted...

...XVI, section 70 (b), the financial transactions of the Board are subject to audit by the United States General Accounting Office in accordance with the principles...transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. Briefly, our reasons for believing...

...others make loans. The Government Corporation Control Act, 1945, provides that Government corporations be audited by the General Accounting Office in accordance...procedures applicable to commercial corporate transactions. Stated as simply as possible, the primary purpose of the audits is to determine how well the corporation...

...(4) Federal Deposit Insurance Corporation. SEO. 202. The financial transactions of mixed -ownership Government corporations for any period during which...transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. The audit shall be conducted at...

...the Director of the Office of Thrift Supervision, and (B) maintain an integral set of accounts which shall be audited by the General Accounting Office...procedures applicable to commercial corporate transactions as provided in such title, and no other settlement or adjustment shall be required with respect to...

...shall include the board, and (B) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with...procedures applicable to commercial corporate transactions as provided in such sections, and no other audit, settlement, or adjustment shall be required with...

...capital in it. That could be accomplished by a simple amendment to section 202 which would provide that the financial transactions of mixed-ownership Government...shall be audited by the General Accounting Office. Mr. WHITTINGTON. I am much obliged to you. You have certainly made a careful and constructive statement....

...to speak very briefly concerning one point. We welcome, as I said before, an audit of our accounts by the General Accounting Office, in accordance with...procedures applicable to commercial corporate transactions. We make no objection to that. There is, however, one provision in section 106, also present in the...

...provides that the financial transactions of all Government corporations shall be audited each fiscal year by the General Accounting Office in accordance with...procedures applicable to commercial corporate transactions, beginning with the current fiscal year, and that a report of each such audit shall be made to the Congress...