Financial Audit: Expenditures by Three Independent Counsels (Letter
Report, 04/15/94, GAO/AIMD-94-76).

This report presents the results of GAO's audits of expenditures by
three active independent counsels for various periods ending in March
1993.  For the periods GAO audited, the three independent
counsels--Arlin M. Adams, Lawrence E. Walsh, and Joseph E.
diGenova--reported expenditures of $6.4 million.  GAO found the reported
expenditures to be reliable in all material respects.  In earlier
reports on independent counsel audits, GAO identified a number of
serious internal control weaknesses, including inadequate internal
control procedures designed to ensure that expenditures were properly
charged and inadequate segregation of duties.  GAO also identified
instances of noncompliance with laws and regulations, including improper
pay and travel expenses.  In response to the problems GAO flagged, the
independent counsels and the Administrative Office of the U.S. Courts,
which does disbursing and accounting for the independent counsels, have
begun to strengthen controls and ensure compliance with laws and
regulations.  In future audits, GAO plans to evaluate the extent to
which these efforts have resolved the problems GAO identified.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  AIMD-94-76
     TITLE:  Financial Audit: Expenditures by Three Independent Counsels
      DATE:  04/15/94
   SUBJECT:  Lawyers
             Financial statement audits
             Internal controls
             Noncompliance
             Travel costs
             Appropriated funds
             Accounting procedures
             Administrative costs
             Compensation
             Overpayments

             
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