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091296 1 (1967-12-08)

handle is hein.gao/gaobadxip0001 and id is 1 raw text is: a


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                                                               LM091296



                United States General Accounting Office
                        Washington, D. C. 20548


                                                 FOR RELEASE ON DELIVERY
                                                 Expected at 10:00 a.m. EST
                                                 Friday, December 8, 1967


                              STATEMENT OF
       ELMER B. STAATS, COMPTROLLER GENERAL OF THE UNITED STATES
                               BEFORE THE
                SUBCOMMITTEE ON ECONOMY IN THE GOVERNMENT
                        JOINT ECONOMIC COMMITTEE
                                   ON
                          ECONOMY IN GOVERNMENT


Mr. Chairman and Members of the Committee:

     I am pleased to appear before this Subcommittee today to

elaborate on certain matters covered in my statement of November 27,

1967. My statement will cover the following areas:

           1. Inventory Management.

           2. Agency Audit Rights and Recovery from

               Subcontractors.

           3. Government Property in Possession

               of Defense Contractors.

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