Panama Canal Commission: Assessment of Proposal for Organizational and
Management Change (Letter Report, 11/05/93, GAO/NSIAD-94-50).

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.

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

 REPORTNUM:  NSIAD-94-50
     TITLE:  Panama Canal Commission: Assessment of Proposal for 
             Organizational and Management Change
      DATE:  11/05/93
   SUBJECT:  International agreements
             International cooperation
             Federal agency reorganization
             Inland waterways
             Financial statement audits
             Foreign governments
             Public administration
             Financial management
             Independent agencies
IDENTIFIER:  Panama Canal
             Panama
             Panama Canal Treaty of 1977
             
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