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129568 1 (1986-03-19)

handle is hein.gao/gaobactqo0001 and id is 1 raw text is: I I .


             UNITED STATES GENERAL ACCOUNTING OFFICE
                     WASHINGTON, D.C. 20548

                                        FOR RELEASE ON DELIVERY
                                        EXPECTED AT 10 A.M.
                                        MARCH 19, 1986



                          STATEMENT OF

                       CHARLES A. BOWSHER

            COMPTROLLER GENERAL OF THE UNITED STATES

                           BEFORE THE

         LEGISLATION AND NATIONAL SECURITY SUBCOMMITTEE

                             OF THE

            HOUSE COMMITTEE ON GOVERNMENT OPERATIONS

                            ON GAO'S

                   REVIEW OF AUDIT QUALITY OF

                   CERTIFIED PUBLIC ACCOUNTANTS





Mr. Chairman and Members of the Subcommittee:

     I am pleased to be here today to discuss our review,

performed at your request, of the quality of audits by certified

public accountants (CPAs) of entities receiving federal funds.

As you know, the Single Audit Act is now being implemented.

This act, which your subcommittee was instrumental in passing,

places greater reliance on governmental audits performed by

CPAs.  Thus, it is essential that these audits be of the highest

quality to assure report users that public and federal funds

were properly spent.




                                                        129568
                       03 503

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