About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

B-161470,B-175281 1 (1974-06-24)

handle is hein.gao/gaobaafou0001 and id is 1 raw text is: 


             COMPTROLLER GENERAL OF THE UNITL b STATES  -
                      WASHINGTON, D.C. 20348

B-161470
B-175281                                       JUN 24 1974
                                            7e


The Honorable                                 [IlIIII(ll IllI 1 IllIlill

The Secretary of the Treasury                      LM095816

Dear Mr. Secretary:

     Pursuant to the provisions of Public Law 93-189,
approved December 17, 1973, we have prepared the enclosed
statex t__Qf_ auditing and reporting  andards for use by the
USExecutive- Diet.o-r of the World Bank Group in proposing I
the establishment of an independent review and evaluation
system for the Bank Group and for consideration by the Boards
of Directors in formulating the terms of reference for an
independent review system.

     We are also enclosing a caly.of.GAO's..Standards=for
AuditpQf_,Gvernmenta1 Organizations, Programs, Activities &
FunctiQns,._which describes the scope and standards for eval-
uation reviews which our offic.cons-iders appropriate for
a_1U..-,Gov'er-nnent p.rograms. This booklet 'ontains addi-
tional details on the standards included in our statement
and should assist the U.S. Executive Director in pursuing
the establishment of an independent review system in the
Bank Group.

     Subsequent to the establishment of the independent
review organization, our office will be making periodic
reviews of the reports issued by the organization in accord-
ance with the above cited legislation. During these reviews,
we plan to consider the adequacy of the auditing and report-
ing standards being followed and to make appropriate recom-
mendations for any revisions considered necessary.

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:

Already a HeinOnline Subscriber?

profiles profiles most