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090213 1 (1975-05-05)

handle is hein.gao/gaobacvxc0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON REGIONAL OFFICE ou, FIFTH FLOOR 803 WEST BROAD STREET FALLS CHURCH, VIRGINIA 22046 Mr. M. T. Allen, President MAy b 175 Government Services, Inc. 1135 21st Street, N.W. Washington, D.C. 20036 Dear Mr. Allen: As you know we have recently completed our audit of GSI's 1974 financial statements. As in past years, we would again like to bring to your attention observations made during our audit which were not included in our report to the Board of Trustees. The enclosed management summary details these observations and presents suggestions for corrective actions for your consideration. These matters have been discussed with members of your staff and, where appropriate, their views have been incorporated into our comments. Based on our conversation with you on November 22, 1974, and observations made during our .audit, we believe that sub- stantial improvements have been or are being made on most matters discussed in our last management letter. Regarding our comments on the need for an internal audit function, you expressed a preference to use outside firms to review manage- ment and operations when the need arises. We continue to believe, for the reasons presented in our -letter, that the operations of GSI and particularly the effectiveness of management controls would be strengthened by the initiation of an internal audit function. We suggest that, after a reasonable trial period, the use of outside firms in lieu of a permanent internal audit function be fully evaluated so that you will be assured that effective management controls are being achieved. We appreciate the courtesies and cooperation given us by your staff. We will be happy to discuss the management summary with you or furnish additional information that might assist in your consideration of our observations. Sincerely, ) H. L. Krieger Regional Manager

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