Review of the Disabled American Veterans' Financial Statements for the Year Ended December 31, 1980.
Abstract
GAO reviewed the report on the audit of the Disabled American Veterans' (DAV's) 1980 financial statements and the work of DAV's independent public accountant. GAO concurs with the opinion of DAV's accountant and transmits it to the Congress. Separate sections of the United States Code require annual audits of DAV's accounts by both GAO and independent public accountants. GAO believes these duplicate efforts provide little additional benefit to DAV and other users of the audit reports. They also result in a greater expense to DAV than would otherwise be necessary, and a less effective use of GAO's resources. Therefore, GAO recommends that DAV's authorizing legislation (36 U.S.C. 90i(b)) be amended to eliminate the requirement for an annual audit of DAV's financial statements by GAO.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 15, 1981
- Accession Number
- ADA108559
Entities
Organizations
- United States Government Accountability Office