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Kennedy Center: Audit Duplication Can Be Prevented

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Report Type Reports and Testimonies
Report Date Aug. 19, 1997
Report No. GGD-97-161
Subject
Summary:

Recent legislation requires GAO to audit and review the accounts of The John F. Kennedy Center for the Performing Arts at least every three years. Under the law, GAO's first audit would cover fiscal years 1995 through 1996, and a subsequent audit would cover fiscal years 1997 through 1999. GAO found that its audit would duplicate portions of an audit that a public accounting firm performs annually under a contract with the Kennedy Center. GAO believes that efficient use of its audit resources would be best achieved by the Kennedy Center's continued contracting for a single annual audit of its financial statements subject to the Government Auditing Standards. Therefore, GAO is seeking legislative relief from the requirement that it periodically audit the Center's use of appropriated funds.

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