Annual Report of the General Accounting OfficeThe Office, 1966 - Finance, Public |
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Common terms and phrases
89th Congress Accounting Office accounting systems accounts of accountable activities Administration agency officials Agriculture Air Force aircraft annual appropriate approved areas Army assistance automatic data processing basis Bonneville Power Administration Budget Bureau Calif carriers Civil Service claims commercial Commission Committee Comptroller CONGRESS DURING FISCAL congressional construction contract contractor Corp Corporation costs Department of Defense departments and agencies District of Columbia Division employees equipment estimated excess expenditures facilities Federal Federal Aviation Agency Federal Housing Administration financial management financial statements fiscal year 1966 funds Government Operations House improvement Internal Revenue Service issued June 30 legislation loans Members ment military million negotiation payment personnel Post Office Potential savings procedures procurement projects proposed Public Law purchase recommended request of Congressman requirements response Resubmission result selected Settlement of accounts staff Stat Subcommittee submitted tion transportation United utilization vehicles
Popular passages
Page 150 - 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 147 - Act shall include a clause to the effect that the Comptroller General of the United States or any of his duly authorized representatives shall, until the expiration of three years after final payment, have access to and the right to examine any directly pertinent books, documents, papers, and records of the contractor or any of his subcontractors engaged in the performance of and involving transactions related to such contracts or subcontracts.
Page 126 - 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 129 - ... (b) The Secretary and the Comptroller General of the United States, or any of their duly authorized representatives, shall have access for the purpose of audit and examination to any books, documents, papers and records of the recipients that are pertinent to the grants or contracts entered into under this Act under other than competitive bidding procedures.
Page 128 - The audit shall be conducted at the place or places where the accounts of the respective corporations are normally kept. 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,...
Page 128 - A report of each such audit for each fiscal year ending on June 30 shall be made by the Comptroller General to the Congress not later than January 15 following the close of the fiscal year for which such audit is made.
Page 132 - USC 1827 which provides in pertinent part : "(b) The financial transactions of the Corporation shall 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 131 - Act ; and (2) maintain with respect to insurance under this part an integral set of accounts, which shall be audited annually by the General Accounting Office in accordance with principles and procedures applicable to commercial corporate transactions...
Page 128 - ... wholly owned Government corporations by the Government Corporation Control Act, as amended; (2) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended...
Page 148 - Act, has delivered to the office of the head of any agency carrying out such provision, a written request that it be furnished any document, paper, communication, audit, review, finding, recommendation, report, or other...