oversight

Approval of the Statement of Accounting Principles and Standards for the Operations of the Civil Aeronautics Board

Published by the Government Accountability Office on 1977-07-20.

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

                         DOCUMENT RESUME

03437 - [A2633756]

(Approval of the Statement of Accounting Principles and
Standards for the Operations of the Civil Aeronautics Board].
FGMSD-77-53. Jujy 20, 1977. 1 pp.

Report to Alfred E. Kahn, Chairman, Civil Aeronautics Board; by
Elmer B. Staats, Comptroller General..
Issue Area: Accounting and Finan'ial Reporting (2800).
Contact: Financial and General Management Studies Div.
Budget Function: Miscellaneous: Financial Management and
    Information Systems (1002).
         The Statement of Accouinting Principles and Standards
for the operations of the Civil Aeronautics Board, submitted
formally in July 1977, is adequate and in conformity with GAO
prescribed accounting principles and standards for Federal
agencies and is approved. In order to maintain the approved
status of the Statement of Accounting Principles and Standards,
planned changes shcuild be discussed with GAO representatives
and, if deemed significant, submitted formally for approval.
Representatives cf GAO will continue to cooperate with the Board
in developing accounting system designs covered by these
approved principles and standards. (SC)
                 COMPTROU'LR GENERAL OF THE UNITED STAItE
                            WASHIgmn.    C.




    .- 161885                                               JUL 2 0 1977




    The Honorable Alfred E. Kahn
     'hairmar, Civil Aeronautics Board

    Dear Mr. Kahn:

         It is my pleasure to approve the Statement of Accounting
    Principles and Standards for the operations of the Civil
    Aeronautics Board. The Statement, submitted formally by you on
    July 5, 1977, is adequate and in conformity with our prescribed
    accounting principles and standards for Federal agencies.

         To maintain the approved status of the Statement of
    Accounting Prihciples and Standards, planned changes in it should
    be discussed with our representatives and, if deemed significant,
    submitted formally for apprcval.

         Representatives of our Office will continue to cooperate with
    your staff in developing accounfing system designs covered by these
    approved principles and standards.

                                   Sincerely yours,


                                   Comptroller GeneralTS
/                                  Comptroller General
                                   of the United States