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B-189251 1 (1979-08-16)

handle is hein.gao/gaobabjob0001 and id is 1 raw text is: GAO United States General Accounting Office Office of Washington, DC 20548 General Counsel In Reply The Honorable Stewart B. McKinney Rerto: B-189251 House of Representatives August 16, 1979 Dear Mr. McKinney: This is in reply to your letter of July 19, 1979, to Mr. Elmer B. Staats, Comptroller General of the United States, requesting a justification for the General Accounting Office's decisioi27,n Mr. George A. Aretakis' rotest of NGWA 7- award is - by the EnvironmentalfProtecton Agencyl(EPA). qco62 Our position on the professionatlqualifications of au- ditors who are engaged to render opinions on financial state- ments, is cited in the Appendix to the Standards for Audit of Governmental Organizations, Programs, Activities & Func- tions. (A copy is enclosed.) It is explained in our May 28, 1975, letter to Senator Abraham A. Ribicoffiand further clar- ified in our June 30, 1976, letter to heads of Federal depart- ments and agencies. (Copies are enclosed.) Our audit standards become mandatory when prescribed by statute or incorporated in agency regulations. The Office of Management and Budget included these standards as basic audit criteria for Federal executive departments and agencies in OMB Circular No. A-73, issued in 1973. Also the Inspector General Act of 1978 states that each Inspector General shall - (1) comply with standards established by the Comp- troller General of the United States for audits of Federal establishments, organizations, programs, activities, and functions; ... (3) take appropriate steps to assure that any work performed by non-Federal auditors complies with the standards established by the Comptroller General as described in paragraph (1). Appendix I to the standards states that when outside auditors are employed for assignments requiring a profes- sional opinion on financial statements, only qualified public accountants should be employed. Qualifications are deemed to be met by certified public accountants or by licensed public accountants, licensed on or before December 31, 1970, who are certified or licensed by a regulatory authority of a State or other political subdivision of the United States. Appendix I also provides that if the Secretary of an executive department deems that it is in the public interest, he may prescribe even higher standards than those required by the regulatory authority of the State. 0 06172

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