In its audit of the Fund, Clifton Gunderson LLP reported that: (1) The financial statements were presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles. (2) There were three significant deficiencies in internal control over financial reporting (including safeguarding assets) as of September 30, 2008. (3) There was no reportable noncompliance i

In its audit of the Fund, Clifton Gunderson, LLP reported that the financial statements were presented fairly, in all material aspects, in conformity with U.S. generally accepted accounting principles, the Fund maintained effective internal controld over financial reporting (including safeguarding assets)and complaince with laws and regulations, and there was no reportable noncompliance with sele

TThis publication has been superseded by GAO-07-731G, Government Auditing Standards: July 2007 Revision. This is the Government Auditing Standards 2007 version. This document outlines standards that contain requirements for auditor reporting on internal control. This revision supersedes the 2003 revision.

This publication has been superseded by GAO-07-162GG, Government Auditing Standards: January 2007 Revision. This is the Exposure Draft of the Government Auditing Standards 2006 revision. This document outlines standards that contain requirements for auditor reporting on internal control. The revision supersedes the 2003 revision.

GAO contracted with Clifton Gunderson LLP to audit the financial statements of the Senate Restaurants Revolving Fund for fiscal years 2004 and 2003. Clifton Gunderson LLP found that (1) the financial statements were presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles; (2) the Fund maintained effective internal control over financial reporti

GAO contracted with Clifton Gunderson LLP to audit the financial statements of the Senate Restaurants Revolving Fund for fiscal years 2002 and 2001. Clifton Gunderson LLP found that (1) the financial statements were presented in conformity with U.S. generally accepted accounting principles; (2) the Fund maintained effective internal control over financial reporting and compliance with laws and re

In January 2002, GAO issued an amendment to Government Auditing Standards, Amendment No. 3, Independence, which substantially changed the previous standard to better serve the public interest and to maintain a high degree of integrity, objectivity and independence for audits of government entities. GAO has received many inquiries about the new independence standard due to its significant effect o

GAO contracted with Clifton Gunderson LLP to audit the financial statements of the Senate Restaurants Revolving Fund for fiscal years 2001 and 2000. Clifton Gunderson LLP found that (1) the financial statements were fairly presented in conformity with U.S. generally accepted accounting principles, (2) the fund maintained effective internal control over financial reporting and compliance with laws

This publication has been superseded by GAO-03-673G, Government Auditing Standards: 2003 Revision, June 2003. GAO presented a guide on revised government auditing standards to audit officials and others interested in government auditing standards. The standards require auditors to (1) not perform management functions or make management decisions and (2) not audit their own work or provide nonaudi

GAO noted that: (1) in their fiscal year (FY) 1997 audit reports, auditors for 20 of the 24 Chief Financial Officers (CFO) agencies reported that the agencies' financial management systems did not substantially comply with FFMIA's requirements; (2) of those 20, 2 agencies--the Department of State and the Social Security Administration (SSA)--did not submit remediation plans to the Office of Manag