Mr. A. E. Jones, Manager U, S. Atomic Energy Commission~~Q~~ OLj'?'g zm P, 0, Box 2567 Grand Junction, Colorado 81501 Dear Mr. Jones: We have made a review for the settlement of accounta3le officers' accounts during which we placed special emphasis on the system of administrative procedures and internal controls. Our review included financial transactions for the 12-month period ended September 30, 1970, We reviewed selected accounting 2nd intern21 controls and made such tests of receipt and disbursement transactions 2s we deemed, appropriate. In the review, we considered the most recent audits performed by auditors from the Washington Controller's Audit Staff, In accomplishing the objectives of this review we placed par- ticular emphasis on the criteria set forth in the Comptroller General's letter, 3-161457, dated August 1, 2969, to the heads of departments and agencies e In that letter, the Comptroller General pointed out that section 113 of the kccounting and Auditing Act of 1950 (31 U.S.C, 66aj requires the head of each executive agency to establish and maintain systems of accounting and internal controls, including appropriate internal audit, to provide, among other things., effective control over and accountability for all funds, property, and other assets for which the agency is responsible. He Eulrt her stated that relative to functions of accountable officers, this responsibility includes providing.assurance of the legality? propriety, and correctness of disbursements and collections of public funds, and that: "In recognition that the basic responsibility for proper accounting an d internal control is that of each agency 3 the GAO audit of accountable officersP functions will place its major emphasis on the adequacy and effective- ness of the accounting and internal controls, including Mr. A. E. Jones -2- internal audit, of the departments and agencies in assuring that the accountable officers' functions are discharged correctly and in accordance with the requirements of all applicable laws and regulations.s' We found the Grand Junction Office system of administrative procedures and internal controls to be satisfactory in assuring that the accountable officers' functions were discharged correctly and in accordance with the requirements of all applicable laws and regulations, We wish to acknowledge the cooperation shown our representatives during the review. Sincerely yours:, S, D. McElyea Regional Manager
Settlement of Accounts, Grand Junction Office, Atomic Energy Commission
Published by the Government Accountability Office on 1971-03-24.
Below is a raw (and likely hideous) rendition of the original report. (PDF)