About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

ID-82-10 1 (1981-12-16)

handle is hein.gao/gaobabcst0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 204 IMMTHA7OM. O2vI81G B-205644117080 B-205644 1DECEMBER 16, 1981 The Honorable Daniel K. Inouye United States Senate Dear Senator Inouye: Subject: Problems with the U.S. management of foreign currency transactions for NATO programs (ID-82-10) In response to your request of April 15, 198,1We examined allegations concerning the management and adequacy of internal auditing of foreign currency transactions in support of U.S. participation in the North Atlantic Treaty Organization (NATO) infrastructure and international military programs. We also reviewed actions taken by Army officials in Europe to correct foreign currency purchasing and timing of payments deficiencies identified in our prior report. 1/ K The NATO/SHAPE 2/ Support Group, a subordinate command of U.S. Army, Europe (USAREUR) responsibl'e for financial adminis- tration of U.S. participation in NATO international programs, greatly reduced the scope of its internal review program over the past 4 years. Since 1977, actions taken by Support Group management have left it with an inadequate and ineffective internal review capability. Some corrective actions have been taken on the deficiencies cited in our earlier report, but a problem persists with the timing of payments to NATO because adequate procedures have not been developed and followed. Army and Support Group officials agreed that both these problems need attention and have already begun to correct them. INTERNAL REVIEW PROGRAM INADEQUATE The internal review program at the NATO/SHAPE Support Group has been inadequate to perform its basic oversight mission on behalf of the Commander and to ensure complete and balanced audit coverage of all programs. The effectiveness of the internal review program was undermined by actions taken by Support Group l/Government Purchases of Foreign Currencies for Contributing to NATO, (ID-79-51, Sept. 26, 1979). 2/SHAPE is the Supreme Headquarters Allied Powers Europe, the military command of NATO. C \ ~\,§j(463664)

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most