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120096 1 (1982-12-13)

handle is hein.gao/gaobacsxu0001 and id is 1 raw text is: i~ooq~ 4 120096 UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY EXPECTED AT 10:00 A.M. EST MONDAY, DECEMBER 13, 1982 STATEMENT OF CHARLES A. BOWSHER COMPTROLLER GENERAL OF THE UNITED STATES BEFORE THE SUBCOMMITTEE ON ENERGY, NUCLEAR PROLIFERATION, AND GOVERNMENT PROCESSES SENATE COMMITTEE ON GOVERNMENTAL AFFAIRS ON i INTERNAL FINANCIAL CONTROLS ZN FEDERAL AGENCIES' ACCOUNTING SYSTEMS Mr. Chairman and Members of the Subcommittee: We are pleased to participate in your oversight hearings on the need to improve internal control systems in the Federal Gov- ernment. These deficiencies may be costing taxpayers hundreds of millions of dollars annually. More than ever before, citizens and public officials are asking questions about financial management and about the adequacy of financial control over governmental op- erations. With increasing costs of Government operations and the national debt over 1 trillion dollars, the public has a right to be concerned about how efficiently Government operations are being carried out. Federal officials can restore the public's confidence in Gov- ernment operations by improving the Government's financidl manage- ment systems, including budgeting, accounting, and interdal con- trols. Reliable internal control systems should be at the very core of management's effort to achieve or maintain a high level of accountability and confidence in Government. We believe internal 1O~kCOO1M A

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