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Financial Audit: Special Counsel Expenditures for the Six Months Ended September 30, 2007

GAO-08-541 Published: Mar 31, 2008. Publicly Released: Mar 31, 2008.
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Highlights

This report presents the results of our audit of expenditures reported by the Office of Special Counsel Patrick J. Fitzgerald for the 6 months ended September 30, 2007. The independent counsels were required under 28 U.S.C. 596 (c)(1) to prepare a statement of expenditures on a semiannual basis. Under 28 U.S.C. 596 (c)(2 ), we were required to conduct a financial review of a midyear statement and a financial audit of a year-end statement. We satisfied this requirement through semiannual financial audits of the statement of expenditures. For the 6 months ended September 30, 2007, there were no active independent counsels. However, we are required to perform a semiannual financial review of expenditures from the permanent indefinite appropriation used to pay special counsel Fitzgerald's expenses. While not required under the permanent indefinite appropriation to perform a financial audit, we have done so for special counsel Fitzgerald--as we previously performed for independent counsels approved under the expired law.

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Accounting standardsAuditing proceduresAuditing standardsCash basis accountingFinancial analysisFinancial managementFinancial recordsFinancial statement auditsFinancial statementsInternal auditsInternal controlsStrategic planningVoluntary compliance