oversight

Review of Annual Settlement Committee and Bullion Accounts, Bureau of the Mint

Published by the Government Accountability Office on 1971-11-23.

Below is a raw (and likely hideous) rendition of the original report. (PDF)

                   UNITED STATES GENERAL ACCOUNTING OFFICE
                               REGIONAL OFFICE
                        7014 FEDERAL BUILDING, 1961 STOULr    STREET
                              DENVER, COLORADO        80202




                                                                               NOV 2 3 1971

Mrs. Betty Higby                                                       i   (
Superintendent
United States Mint
320 West Colfax Avenue
Denver, Colorado 80202

Dear Mrs. Higby:

     Pursuant to the provisions of 31 U.S.C. 72 we have made a review
to settle the bullion fund accounts of the accountable officers at the
United States Mint, Denver, Colorado, for fiscal years 1970 and 1971.
The review, which was completed in August 1971, was directed primarily
toward evaluating current administrative procedures and controls and
accounting practices pertinent to our settlement responsibilities.
We tested bullion account transactions to the extent deemed appropriate
and reviewed follow-up action on internal audit recommendations con-
cerning the bullion accounts.  In addition, we observed the work of
the 1971 Annual Settlement Committee.

     We appreciated the opportunity to discuss all aspects of our
review with you and we are pleased to report that our examination did
not.disclose any matters that require your further attention.

      Accordingly, as provided in 8 GAO 13, the records of bullion
transactions for fiscal years 1970 and 1971 may be transmitted to the
Federal Records Center in accordance with your records management
program.

     A copy of this report is      being sent to the Director of the Mint.

     We wish to acknowledge the courtesy and cooperation given our
representatives during the review.

                                          Sincerely yours,



                                          Irwin M. D Addario
                                          Regional Manager




                          50TH ANNIVERSARY            1921-1971



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