Trends in General Accounting Office Audits
The metamorphosis which General Accounting Office audits have undergone is reflected in the fact that the term ‘audit’ has become increasingly deceptive as a designation for many of the reviews conducted by the GAO. There has been a widening gulf between the products of the GAO’s efforts and what typically flows out of the audit work in the private sector. The latter ordinarily takes the form of examinations made to enable the auditor to express an opinion as to the fairness of financial statements, ‘their compliance with generally accepted accounting principles, and the consistency of the application of those principles with that of the preceding period.’1 The Comptroller General has established a much broader frame of reference for the reviews conducted by the GAO.
KeywordsComptroller General Internal Audit Government Operation Program Review Audit Responsibility
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- 1.American Institute of Certified Public Accountants, Codification of Statements on Auditing Procedures (1962) p. 11.Google Scholar
- 17.Report of Comptroller General of the United States, Review of Economic Opportunity Programs B-130515 (March 18, 1969).Google Scholar
- 29.Comptroller General of the United States, Standards for Audit of Governmental Organizations, Programs, Activities and Functions (1972).Google Scholar