Auditing and Financial Management:

Territorial Audits

AIMD-94-151R: Published: Jun 27, 1994. Publicly Released: Jun 27, 1994.

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GAO requested changes in the Department of the Interior and related agencies fiscal year 1995 appropriations bill to eliminate duplication of audit activities. GAO noted that: (1) the Single Audit Act already requires independent audits of the financial transactions of the U.S. territories and Pacific Island governments that receive large federal grants, which are then reviewed by the Interior Office of Inspector General (OIG); (2) the governments hire certified public accounting firms to perform the audits and submit them to OIG; (3) OIG can sanction the governments if they fail to submit the audits; and (4) OIG includes audit information in its semiannual reports to the Secretary of the Interior and Congress.

Matters for Congressional Consideration

  1. Status: Closed - Implemented

    Comments: The September 22, 1994, House Conference Committee Report (H. Rept. 103-740, pg. 35) revised the Trust Territory of the Pacific Island Appropriation language to provide that GAO may audit the Trust Territory (Palau) at its discretion rather than requiring GAO to do so.

    Matter: To avoid a duplication of audits of the financial transactions of the U.S. Trust Territories and Pacific Island governments, the Senate Committee on Appropriations and the House Subcommittee on the Interior and Related Agencies, Committee on Appropriations should amend the Department of the Interior and Related Agencies appropriation bill as follows: (1) Territorial and International Affairs, Administration of Territories--...Provided, That all financial transactions of the territorial and local governments herein provided for, including such transactions of all agencies or instrumentalities established or utilized by such governments, may be audited by the General Accounting Office, at its discretion, in accordance with chapter 35 of title 31, United States Code....; and (2) Trust Territory of the Pacific Islands--...Provided, That all financial transactions of the Trust Territory, including such transactions of all agencies or instrumentalities established or utilized by such Trust Territory, may be audited by the General Accounting Office, at its discretion, in accordance with chapter 35 of title 31, United States Code.

  2. Status: Closed - Implemented

    Comments: The September 22, 1994, House Conference Committee report (H. Rept. 103-740, p. 35) revised the Administration of Territories Appropriation language to provide that GAO may audit the territorial governments at its discretion rather than requiring GAO to do so.

    Matter: To avoid a duplication of audits of the financial transactions of the U.S. Trust Territories and Pacific Island governments, the Senate Committee on Appropriations and the House Subcommittee on the Interior and Related Agencies, Committee on Appropriations should amend the Department of the Interior and Related Agencies appropriation bill as follows: (1) Territorial and International Affairs, Administration of Territories--...Provided, That all financial transactions of the territorial and local governments herein provided for, including such transactions of all agencies or instrumentalities established or utilized by such governments, may be audited by the General Accounting Office, at its discretion, in accordance with chapter 35 of title 31, United States Code....; and (2) Trust Territory of the Pacific Islands--...Provided, That all financial transactions of the Trust Territory, including such transactions of all agencies or instrumentalities established or utilized by such Trust Territory, may be audited by the General Accounting Office, at its discretion, in accordance with chapter 35 of title 31, United States Code.

 

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