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093305 1 (1972-08-03)

handle is hein.gao/gaobacxdq0001 and id is 1 raw text is: r 08 3305 UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D C 20548 RESOURCES AND ECONOMIC AUG 3 1972 DEVELOPMENT DIVISION Dear Mr. Morley We made a review to settle the 'accounts of the certifying officers employed in the central of ice of the Department of Housing and Urban Development (HUD). Out review covered transac- tions certified during fiscal year 1971. Our review was directed primarily to evaluating the financial management system as it pertained to transactions for which the certifying officers were responsible. In addition, we examined the June 30, 1971, financial statements issued for the following programs urban renewal, rehabilitation loans, housing for educational institutions, loans for housing the elderly or handicapped, public works or facilities, low-rent housing, urban mass transportation, new communities, and riot reinsurance, We reviewed administrative procedures, accounting practices, and internal controls and included such tests as we considered appro- priate. We did not have the benefit of internal audit examinations to reduce the scope of our review of fiscal year 1971 transactions because the HUD Office of Audit had not conducted audits in the areas that we reviewed for the period we covered. We are pleased to inform you that the work of the certifying officers was generally satisfactory, although we did find that some unallowable relocation expenses had been certified for payment. We found the administrative procedures and internal controls pertaining to cash receipts and disbursements to be effective, and the financial management system, as it pertained to transactions for which the certifying officers were responsible, to be generally adequate to assure that disbursement transactions were appropriate, valid, and legal. We noted some weaknesses or discrepancies, however, in (1) the detailed financial records controlling property and equipment located in the central, regional, and area offices, and (2) the records pertaining to travel advances made by the central office to employees in the regional and area offices. We noted also that accounting manuals except for the low-rent housing program had not been prepared. A discussion of our findings follows. 0 ___________

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