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RCED-85-51 1 (1985-01-30)

handle is hein.gao/gaobabnou0001 and id is 1 raw text is: RESOURCES, COMMUNITY, ANDEOI C OEJaSA r O:i M fliA&T UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 OIVI SI--------. RESTRICTED - Not to be released outsde the Ge-era! SNPeounting Office except on the basis of specific agaYRY 30, 1985 B-178205 by the Office of Congressional Relations. The Honorable Philip R. Sharp Chairman, Subcommittee on Fossil and Synthetic Fuels Committee on Energy and Commerce House of Representatives Dear Mr. Chairman: Subject: Information on the Energy Information Administration's Financial Reporting System (GAO/RCED-85-51) In your May 19, 1983, letter you expressed concern about the ability of the Energy Information Administration (EIA) to carry out its responsibilities and asked us to review several energy information areas in which you were particularly interested. In your request and subsequent discussions with your office, we were asked to review areas related to EIA's independence from policy influences, EIA's quality assurance procedures, and the impact of budget reductions on six EIA programs and to develop information on EIA's Financial Reporting System (FRS). This report provides information on FRS and specifically discusses EIA's original plans for developing FRS and FRS' data, products, and current status. Audit work addressing each of the other areas is described on page 3. The following sections discuss our objectives, scope, and methodology and the results of our review. In commenting on this report, the EIA Deputy Administrator said that he found the report useful and factually correct and suggested one change, which we have incorporated into the report (see enc. I). BACKGROUND The Department of Energy Organization Act of 1977 established EIA to provide an independent source of energy data collection and analysis. One of EIA's responsibilities under the act was to develop and implement FRS to provide detailed, comparable, and consistent information concerning the financial structure and operation of energy companies. An objective of the act was for EIA to collect this information to provide a statistically accurate profile of the oil, natural gas, and other sectors of the energy-producing companies. ~5~s~' I2~ 126210 RELEASED (308904) /a6;k010

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