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AIMD-94-151R 1 (1994-06-27)

handle is hein.gao/gaobackpd0001 and id is 1 raw text is: 



GAO          United States
             General Accounting Office
             Washington, D.C. 20548

             Accounting and Information
             Management Division
             B-257703




             June 27, 1994

             The Honorable Robert C. Byrd
             Chairman
             The Honorable Mark 0. Hatfield
             Ranking Minority Member
             Committee on Appropriations
             United States Senate

             The Honorable Sidney Yates
             Chairman
             The Honorable Ralph Regula
             Ranking Minority Member
             Subcommittee on Interior
                and RelatedAgencies
              Committee on Appropriations
              House of Representatives


              The purpose of this letter is to request changes in H.R.
              4602, the Department of the Interior and related agencies
              appropriation bill for fiscal year 1995. These changes
              would permit, rather than require, us to audit the
              financial transactions of the U.S. Trust Territories and
              Pacific Island governments. The Single Audit Act and its
              implementing guidelines' already require that independent
              auditors perform these audits with Interior Department
              Office of Inspector General (OIG) review. Our proposed
              changes would eliminate a duplication of audit effort.

              BACKGROUND

              The Single Audit Act requires annual audits of state,
              local, and territorial governments receiving $100,000 or
              more in federal assistance in a year. The audits are to be
              made by an independent auditor in accordance with generally


              'Office of Management and Budget (OMB) Circular A-128, Audits
              of State and Local Governments, prescribes requirements for
              audits of state, local, and territorial governments.


GAO/AIMD-94-151R, Territorial Audits

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