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FGMSD-77-53 1 (1977-07-20)

handle is hein.gao/gaobaacqd0001 and id is 1 raw text is: 

DOCUMENT RESUME


03437 - C A26337563

(Approval of the Statement of Accounting Principles and
Standards for the Operations of the Civil Aeronautics Board].
FGMSD-77-53. Jujy 20, 1977. 1 pp.

Report to Alfred E. Kahn, Chairman, Civil Aeronautics Board; by
Elmer B. Staats, Comptroller General.

Issue Area: Accounting and Finan-ial Reporting (2800).
Contact: Financial and General Management Studies Div.
Budget Function: Miscellaneous: Financial danagement and
    Information Systems (1002).

         The Statement of Acco-inting Principles and Standards
for the operations of the Civil Aeronautics Board, submitted
formally in July 1977, is adequate and in conformity with GAO
prescribed accounting principles and standards for Federal
agencies and is approved. In orde: to maintain the approved
status of the Statement of Accounting Principles and Standards,
planned changes shcild be discussed with GAO representatives
and, if deemed significant, submitted formally for approval.
Pepresentatives cf GAO will continue to cooperate with the Board
in developing accounting system designs covered by these
approved principles and standards. (SC)

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