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093060 1 (1970-09-01)

handle is hein.gao/gaobacwyo0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 SEP 1VMS CIVIL DIVISION Dear Mr. Koseek: BEST DOCUM1ENT AVAILABLE The General Accounting Office has reviewed selected aspects of the alght dred system of the Commodity redit o (C)0. copies of the report 4o the xecutive vice president, CCC, were furnished you on July 16, 1970. As part of the reviews we summined into related internal audit work performed by your Region 6 office. Genera'1ys Region b reviews were adequate; however, we noted two areas where we believe the establishment of approved audit guides for use by all regions could result in Improving audits of the operations of Otate and county offices. Region 6 representatives advised us that Lhey did not have audit guides approved by the Office of the inspector General (01G) Headquarters Office fu use in auditing administrative operations in State and county offices. They stated that the audit guide* used within their region may be different from the guides used by other 01G regions in periorming similar reviews. VRK4iIFATON OF 0RPORT Or LANK DRALTS Oh WA~) 01G has not established an approved audit guide- specifically requiring an inopendent inventory of blank sight drafts on hand in State adU county oifices. Anl Regionr (, thie extent of vearification of blank saght crafts on hand varied or was not determinable. The .gion had an unapproved audil guide for application in State offices that requiceu a physical inventory of blank drafts on hand and reconciliation to pertinent records. .e were advised, however, that this guide had only been applied in one State office--.iouth Dakota. The Region 6 workpapers on administrative reviews in the three state offices we visited included varying amounts of evidence regarding the verification of State office Inventory reports of drafts on hand. in one State a comparison was made of actual Items on hand to accounta- bility records, while in another . tate the workpapers contained little evidence of verification. The Region's unapproved audit guides for application I. county offices included general audit survey steps requiring consideration of controls over drafts such as safoguarding and periodic inventories. The guides, however, included no specific requirement to verity reports of blank drafts on hand through independent inventory procedures.

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