House Office of the Sergeant at Arms--Periods Ended 12-31-91, 6-30-91, and 12-31-90
AFMD-93-56: Published: May 26, 1993. Publicly Released: May 26, 1993.
- Full Report:
Pursuant to a legislative requirement, GAO examined the balance sheets of four funds administered by the House Office of the Sergeant at Arms (OSA) as of December 31, 1991, June 30, 1991, and December 31, 1990, and the related statements of operations and changes in financial position for each of the 6-month periods then ended.
GAO found that the financial statements presented fairly the financial position of OSA as of December 31, 1991, June 30, 1991, and December 31, 1990, and the results of its operations and changes in financial position for the 6-month periods then ended, in conformity with generally accepted accounting principles applied on a consistent basis. GAO also found that: (1) the funds' internal control structure was sufficient; (2) the funds complied with all applicable legal or regulatory requirements; and (3) although the Speaker of the House announced that the House Bank would no longer hold checks on overdrawn accounts, the Bank continued to receive numerous checks for accounts with insufficient funds.