48 U.S.C. § 1910 | Implementation of audit agreements

(a)

Transmission of annual financial statement

Upon receipt of the annual financial statement described in sections 1902(c)(4) and 1903(m)(4) of this title, the President shall promptly transmit a copy of such statement to the Congress.

(b)

Annual audits by President

(1)

The President shall cause an annual audit to be conducted of the annual financial statements described in sections 1902(c)(4) and 1903(m)(4) of this title. Such audit shall be conducted in accordance with the Generally Accepted Government Auditing Standards promulgated by the Comptroller General of the United States. Such audit shall be submitted to the Congress not later than 180 days after the end of the United States fiscal year.

(2)

The President shall develop and implement procedures to carry out such audits. Such procedures shall include the matters described in sections 1902(c)(2) and 1903(m)(2) of this title.

(c)

Authority of GAO

The Comptroller General of the United States shall have the authority to conduct the audits referred to in sections 1902(c)(1) and 1903(m)(1) of this title.

Pub. L. 99–239, title I, § 110Jan. 14, 198699 Stat. 1798(, , .)

Editorial Notes

Codification

section 1681 of this titleSection was formerly set out as a note under .

Statutory Notes and Related Subsidiaries

Termination of Reporting Requirements

May 15, 2000section 3003 of Pub. L. 104–66 section 1113 of Title 31For termination, effective , of provisions in subsec. (b) of this section relating to the requirement that the annual audit be submitted to Congress, see , as amended, set out as a note under , Money and Finance, and the 13th item on page 37 of House Document No. 103–7.