§2008 Audit and Expenditures

Summary

The Comptroller General must audit the Postal Service’s accounts and operations and send reports to Congress when the Comptroller General decides. The Postal Service must keep a proper internal audit of its financial transactions. Unless other parts of this chapter say otherwise, the Postal Service may spend money and make contracts, agreements, and arrangements it thinks are needed, including finally settling claims and lawsuits for or against it. The Postal Service may also hire certified public accounting firms for extra audits and reports. Starting with the fiscal year after June 30, 1971, at least once each year an independent certified public accounting firm must certify that any financial statements used to set postal rates are accurate.