oversight

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)

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