15 USC 78d-8 - Annual financial controls audit

U.S Code last checked for updates: Nov 22, 2024

§ 78d–8.

Annual financial controls audit

(a)

Reports of Commission

(1)

Annual reports required

Not later than 6 months after the end of each fiscal year, the Commission shall publish and submit to Congress a report that—

(A)

describes the responsibility of the management of the Commission for establishing and maintaining an adequate internal control structure and procedures for financial reporting; and

(B)

contains an assessment of the effectiveness of the internal control structure and procedures for financial reporting of the Commission during that fiscal year.

(2)

Attestation

(b)

Report by Comptroller General

(1)

Report required

Not later than 6 months after the end of the first fiscal year after July 21, 2010, the Comptroller General of the United States shall submit a report to Congress that assesses—

(A)

the effectiveness of the internal control structure and procedures of the Commission for financial reporting; and

(B)

the assessment of the Commission under subsection (a)(1)(B).

(2)

Attestation

(c)

Reimbursements for cost of reports

(1)

Reimbursements required

(2)

Crediting and use of reimbursements

Such reimbursements shall—

(A)

be credited to the appropriation account “Salaries and Expenses, Government Accountability Office” current when the payment is received; and

(B)

remain available until expended.

(Pub. L. 111–203, title IX, § 963, July 21, 2010, 124 Stat. 1910.)

cite as: 15 USC 78d-8