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115490 1 (1981-06-01)

handle is hein.gao/gaobacuvc0001 and id is 1 raw text is: Atl ACCOUNTING NEWS June 1981 Revised Federal Audit Standards Issued Grant Reform Bill Governmental Account ins Standards Board Organi zation C ommi ttee DOD Creates Postition to Combat Fraud 16 IG's Appointed Steinberg Gets Key Position in OMB Fraud In Government Programs GAO has issued in final the revised Standards for Audit of Governmental Organizations, Programs, Activities, and Functions ........................p. 1 S. 807, the Federal Assistance . Improvement Act of 1981, a bill to streamline and simplify the requirements attached to Federal assistance programs, was reported out of the Senate Committee on Governmental Affairs on May 22, 1981 . ............................n . 1 The GASBOC held a 2-day meeting in Detroit in late May to discuss the extensive comments received at the May 4th and Sth public hearinc;...........................o. 2 A new position to combat fraud, waste and abuse in Defense programs and operations has been created by Secretary Caspar Weinberger........................p. President Reagan has announced the appointments of 16 Inspectors General................ ..........p. Harold I.' Steinberg, CPA has been appointed Associate Director for Management.'.......................p. GAO reported on May 7, 1981, that fraud against Government programs is widespread....................p. 2 3 3 4 This report is prepared by the Accounting and Financial Management (AFM) Division. It is intended to help keep managers abreast of accounting matters that are of concern to professional organizations. Matters included in this report were topics of discussion at recent professional conferences or meetings attended by AFM Division repre- sentatives or were topics that were brought to the AFM Division's attention as part of its official liaison respon- sibility with professional accounting organizations. Oi7cR/f /

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