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093261 1 (1972-10-18)

handle is hein.gao/gaobacxcm0001 and id is 1 raw text is: - IV)p S2' UNIT ED STATES GENERAL ACCOUNTING OFFICE WASHINGTON REGIONAL OFFICE FIFTH FLOOR 803 WEST BROAD STREET FALLS CHURCH, VIRGINIA 22046 OCT 1 8 1972 Dear Mr. Bartelsmeyer: We have examined selected aspects of the financial management system of the Federal Highway Administration. Our examination included an evalua- tion of administrative procedures and internal controls, tests of individual financial transactions, a review of pay and leave operations, and an evalua- tion of automatic data processing controls. We found that the Administration's procedures and internal controls were generally effective and that the selected transactions we examined were generally processed in a satisfactory manner. We noted the following matters, however, which we believe warrant your attention. QUESTIONABLE EXPENDITURE OF APPROPRIATED FUNDS We noted a questionable expenditure of appropriated funds for an audit of the Highway Administration Federal Credit Union. We found that auditors from the Administration's Office of Audits and Investigations performed the audit of the credit union during the period April to December 1969, at a cost of about $9,000. The cost of the audit was charged to the appropriation 69-20X 8102(05) Administration--Financing of the Federal Highway Administrator's Staff. We found no evidence the appropriation was reimbursed for this cost. We were informed by members of your staff that the audit was requested by the president of the credit union and approved by the director of the Administration's Office of Audits and Investigations. Administration records made available to us did not show the reason why the request was approved or why the auditors performing the work were not limited in the amount of time they could use, particularly since previous audits of the credit union had been completed in relatively short periods during evenings and weekends. We have been unable to identify any provision of law which would allow Administration personnel to perform an audit of tne credit union on either a reimbursable or a nonreambursable basis. In the absence of such author- ity, it appears that action should be taken to reimburse the appropriation for the cost of the audit.

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