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AFMD-83-93 1 (1983-07-20)

handle is hein.gao/gaobabnap0001 and id is 1 raw text is: 10. 1 -'1I i k UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 A^OcUqNr AND PNANCL4L MN24 DIWOSA B204393 nJULY 20, 1983 B-20439 3 The Honorable Alfred E. Eckes Chairman, United States International Trade Commission 121911 Dear Mr. Eckes: Subject: International Trade Commission Needs a System of Internal Audit (GAO/AFMD-83-93) As part of a study of the overall effectiveness of the inter- nal audit and investigative functions at several agencies, we ex- amined the capability of the United States International Trade Com- mission (ITC) to identify systemic problems that might adversely affect its ability to detect and prevent fraud, waste, and abuse. Our review included an examination of organizational structure, re- source allocation, audit coverage, report quality, and management support of the internal audit function. We followed generally ac- cepted government audit standards in making the review. We found that ITC does not maintain an in-house audit and in- vestigative capability. In June 1968, ITC signed an interagency agreement authorizing the General Services Administration (GSA) to provide ITC its payroll, accounting, and financial reporting serv- ices. GSA was not, however, granted audit responsibility in the interagency agreement. Thus, with the exception of imprest fund audits by the Department of the Treasury and GSA and a financial audit by the General Accounting office (GAO) in 1966, ITC has not had a financial or operations audit within the last 16 years. We discussed our observations with your budget and accounting officials to make sure we completely understood the audit situa- tion. They explained that an audit function had not been estab- lished within the agency or specified as one of GSA's responsibili- ties in the interagency agreement because: --ITC is a small agency, with limited resources, and does not have its own accounting system. --GSA would have imposed additional charges if granted audit responsibility for ITC. --Since GSA performed all accounting functions for ITC, the Commission reasoned that its transactions would be audited along with other transactions whenever GAO or GSA audited GSA functions and activities. (911037)

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