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117990 1 (1982-03-31)

handle is hein.gao/gaobacsun0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY EXPECTED AT 9:30 AM WEDNESDAY, MARCH 31, 1982 STATEMENT OF CHARLES A. BOWSHER, COMPTROLLER GENERAL UNITED STATES GENERAL ACCOUNTING OFFICE BEFORE THE SUBCOMMITTEE ON INTERGOVERNMENTAL RELATIONS AND HUMAN RESOURCES HOUSE COMMITTEE ON GOVERNMENT OPERATIONS ON THE SINGLE AUDIT CONCEPT 117990 Mr. Chairman: We welcome this opportunity to appear today at your request to discuss a number of issues raised by the Subcommittee dealing with the single audit concept. I would like to say at the outset that I view the concept of a single audit on an entity basis to be superior to the more common practice of auditing on a grant by grant basis. This concept as it is currently administered by the Office of Management and Budget (OMB) is still in the early development stages and poses a number of problems that need to be resolved. However, if we can address these problems and get the concept accepted and implemented by the entire audit community, it will go a long way toward closing the gap in grant audit coverage that we have been complaining about over the years. This improvement will be brought about by an approach that emphasizes a review of the internal con- trols of the entity being audited rather than a detailed

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