2 U.S.C. § 807 — Audits
submitted 47 years ago by Pub. L. 96-114 to r/title-2-THE-CONGRESS · 319 words · no verdicts yet
The Board must arrange annual independent audits, report their results by May 15, and allow the Comptroller General to review each audit and report to Congress.
(a) The Board must contract with an independent public accountant for an annual audit, under generally accepted government auditing standards, of the Board’s financial records and any corporation formed under section 806(i). The accountant must have access to relevant records. (b) By May 15 each year, the Board must report the latest audit’s results to the specified congressional officers, committees, subcommittees, and the Comptroller General, including other areas the accountant says need evaluation. (c)(1) The Comptroller General must review each audit. (2) The Comptroller General and authorized representatives must have access to records they believe may be relevant, including the independent auditor’s records. (3) Within 180 days after receiving the Board’s report, the Comptroller General must report to Congress the review results for the preceding year.
The Board shall enter into a contract with an independent public accountant to conduct an annual audit in accordance with generally accepted government auditing standards, of the financial records of the Board and of any corporation established under section 806(i) of this title, and shall ensure that the independent public accountant has access for the purpose of the audit to any books, documents, papers, and records of the Board or such corporation (or any agent of the Board or such corporation) which the independent public accountant reasonably determines to be pertinent to the Congressional Award Program.
Not later than May 15 of each calendar year, the Board shall submit to appropriate officers, committees, and subcommittees of Congress and to the Comptroller General of the United States a report on the results of the most recent audit conducted pursuant to this section, and shall include in the report information on any such additional areas as the independent public accountant who conducted the audit determines deserve or require evaluation.
The Comptroller General of the United States shall review each annual audit conducted under subsection (a).
For purposes of a review under paragraph (1), the Comptroller General, or any duly authorized representative of the Comptroller General, shall have access to any books, documents, papers, and records of the Board or such corporation, or any agent of the Board or such corporation, including the independent external auditor designated under subsection (a), which, in the opinion of the Comptroller General, may be pertinent.
Not later than 180 days after the date on which the Comptroller General receives a report under subsection (b), the Comptroller General shall submit to Congress a report containing the results of the review conducted under paragraph (1) with respect to the preceding year.
Source credit: (Pub. L. 96–114, title I, § 107, formerly § 8, Nov. 16, 1979, 93 Stat. 855; Pub. L. 99–161, § 4(g), Nov. 25, 1985, 99 Stat. 935; Pub. L. 100–674, § 2(e), Nov. 17, 1988, 102 Stat. 3998; Pub. L. 101–525, § 8, Nov. 6, 1990, 104 Stat. 2308; renumbered title I, § 107, Pub. L. 106–533, § 1(b)(1), (2), Nov. 22, 2000, 114 Stat. 2553; Pub. L. 113–188, title IX, § 902(c)(1), Nov. 26, 2014, 128 Stat. 2021.)
- 1979Enacted · Pub. L. 96-114 · 93 Stat. 855
- 1985Amended · Pub. L. 99-161 · 99 Stat. 935
- 1988Amended · Pub. L. 100-674 · 102 Stat. 3998
- 1990Amended · Pub. L. 101-525 · 104 Stat. 2308
- 2000Amended · Pub. L. 106-533 · 114 Stat. 2553
- 2014Amended · Pub. L. 113-188 · 128 Stat. 2021
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-114 on 1979-11-16.
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