§1910 Implementation of Audit Agreements

Summary

When the President gets the annual financial statements named in sections 1902(c)(4) and 1903(m)(4), the President must quickly send a copy to Congress. The President must also have an annual audit done of those statements. The audit must follow the government auditing standards set by the Comptroller General and must be sent to Congress no later than 180 days after the end of the U.S. fiscal year. The President must create and use procedures for these audits that include the items in sections 1902(c)(2) and 1903(m)(2). The Comptroller General (head of the Government Accountability Office) may conduct the audits mentioned in sections 1902(c)(1) and 1903(m)(1).