...annually for the fiscal year ending June 30 of each year by an independent certified public accountant in accordance with the principles and procedures applicable...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...

...effective control. 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...

...corporations," and would provide for a business budget, for an integral set of accounts, and for annual audits by the General Accounting Office in accordance with...procedures applicable to commercial corporate transactions as provided by section 105 of the Government Control Act. Another necessary technical amendment which...

...books, records, etc.; effective date. The financial transactions of wholly owned Government corporations shall be audited by the General Accounting Office...transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United Stntes: Provided, That such rules and regulations...

...budget under existing law. AUDIT BY THE GENERAL. ACCOUNTING OFFICE The financial transactions of REA are audited by the General Accounting Office in accordance...procedures applicable to commercial corporate transactions. A report of each such audit is submitted to the Congress with the necessary financial statements included...

...local governments. AUDIT OF FINANCIAL TRANSACTIONS SEC. 13. The financial transactions of the Bank shall be audited by the General Accounting Office...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...

...legislation would provide for the kind of accounts to be kept by the agency and for their rejmlar auditing by the General Accounting Office in accordance with...procedures applicable to commercial corporate transactions, as provided by the Government Corporation Control Act. (6) The initial legislation would also provide...

...with the program of loans and participation in loans, shall maintain an integral set of accounts to be audited by the General Accounting Office in accordance...principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended. These accounting and...

...Federal land banks, (3) Federal home loan banks, and (4) Federal Deposit Insurance Corporation. SBC. 202. The financial transactions of mixed-ownership Government...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 present law says, section 202, the present law : The financial transactions of mixed ownership Government corporations for any period during which...principles and procedures applicable to commercial transactions. This refers only to the audit, things that are not covered by budget. So under the present...