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Panama Canal Commission: Assessment of Proposal for Organizational and Management Change

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Report Type Reports and Testimonies
Report Date Nov. 5, 1993
Report No. NSIAD-94-50
Subject
Summary:

GAO and the executive branch are required to study and to report on changes to the Panama Canal Commission that, if made before transferring the canal to the Republic of Panama, would facilitate and encourage the operation of the canal now and after the transfer in 1999. To assist in developing its report, the executive branch retained Arthur Andersen & Co. to do the study. Arthur Andersen recommended structural changes in government and financial management that it believes will strengthen the commission's ability to do its job. These recommendations include designating the commission as a government corporation, eliminating the power of any member to direct the votes of other members, providing for international advisers to the commission board, changing audit requirements, and eliminating regulatory requirements. This report evaluates the recommendations and the scope and methodology of Arthur Andersen's study and the recommendations to the commission board of directors.

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