About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

093084 1 (1974-11-19)

handle is hein.gao/gaobacwza0001 and id is 1 raw text is: P ES2.~ 0 UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE 9226 FEDERAL BUILDING, SIXTH AND ARCH STREETS PHILADELPHIA, PENNSYLVANIA 19106 November 19, 1974 Mr. William A. Daniels Superintendent of Industries Federal Prison Industries, Inc. Federal Prison Camp, Allenwood Montgomery, Pennsylvania 17810 LM093084 Dear Mr. Daniels: The General Accounting Office has examined the financial statements of the Federal Prison Industries, Inc., (FPI), Federal Prison Camp, Allenwood, for the fiscal year ended June 30, 1974. The examination was made pursuant to the Government Corporation Control Act (31 U.S.C. 841). In connection with our examination we also reviewed the results of a recent audit performed by the Department of Justice's Internal Audit staff, Office of Management and Finance, for financial activities through February 28, 1974. In addition, we made a limited evaluation of FPI's management of its working capital with particular concern to cash and inventories, Our review was made in accordance with generally accepted auditing standards and included such tests of accounting records of the custom furniture factory as we considered necessary in view of the nature and volume of transactions and effectiveness of internal controls. At the conclusion of our examination, we discussed the results of our work with you and the Warden, U.S. Penitentiary. Corrective actions were taken on all matters. We also discussed our limited evaluation of the management of working capital which did not disclose any unusual problems. ON~ I 2-1 01

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most