United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2005-07-27 monographic deposited born digital 20 p. GA 1.13:GAO-05-880T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-880T P0b002ee180392346 f:d05880t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-05-880T machine generated eng fdlp REPORT GAOREPORTS-GAO-05-880T GAO-05-880T Accountability Accounting standards Audit reports Auditing standards Financial management Financial records Financial statement audits Financial statements Internal controls Reporting requirements Securities Testimony A31318 Pursuant to the Accountability for Tax Dollars Act of 2002, the Securities and Exchange Commission (SEC) is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. GAO agreed, under its audit authority, to perform the initial audit of SEC's financial statements. GAO's audit was done to determine whether, in all material respects, (1) SEC's fiscal year 2004 financial statements were reliable, (2) SEC's management maintained effective internal control over financial reporting and compliance with laws and regulations, and (3) SEC's management complied with applicable laws and regulations. Established in 1934 to enforce the securities laws and protect investors, the SEC plays an important role in maintaining the integrity of the U.S. securities markets. GAO was asked by the Chairman of the Senate Subcommittee on Federal Financial Management, Government Information, and International Security, Committee on Homeland Security and Governmental Affairs, to present the results of its May 26, 2005, report, Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Year 2004 (GAO-05-244). https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-880T/html/GAOREPORTS-GAO-05-880T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-880T/pdf/GAOREPORTS-GAO-05-880T.pdf GAO-05-880T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-880T Testimony GAO-05-880T; Securities and Exchange Commission: Results of Fiscal Year 2004 Financial Audit; Accountability Accounting standards Audit reports Auditing standards Financial management Financial records Financial statement audits Financial statements Internal controls Reporting requirements Securities