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GGD-76-90 1 (1976-07-30)

handle is hein.gao/gaobaaalg0001 and id is 1 raw text is: 
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REPORT TO THE CONGRESS




BY THE COMPTROLLER GENERAL

OF THE UNITED STA TES


Revenue Sharing Act Audit

Requirements Should Be Changed


Department of the Treasury


All recipients of revenue sharing should be re-
quired to have a periodic financial audit con-
ducted by an independent auditor, and the
results of that audit should be made available
to the public and the news media.

The Congress may wish to establish waiver
guidelines to permit the Secretary to exempt
small governments from this audit require-
ment.

The Congress should also eliminate most of
the expenditure restrictions now in the Rev-
enue Sharing Act. These restrictions offer no
assurance of anything substantive being ac-
complished.


JULY 30,1976


GGD-76-90


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