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 2005-11-07 monographic deposited born digital 35 p. GA 1.13:GAO-06-169 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-169 P0b002ee180394ace f:d06169 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-06-169 machine generated eng fdlp REPORT GAOREPORTS-GAO-06-169 GAO-06-169 Data integrity Debt held by public Federal debt Financial statement audits Financial statements Internal controls Reporting requirements Bureau of the Public Debt Schedule of Federal Debt Other Written Product A41097 GAO is required to audit the consolidated financial statements of the U.S. government. Due to the significance of the federal debt held by the public to the governmentwide financial statements, GAO has also been auditing the Bureau of the Public Debt's (BPD) Schedules of Federal Debt annually. The audit of these schedules is done to determine whether, in all material respects, (1) the schedules are reliable and (2) BPD management maintained effective internal control relevant to the Schedule of Federal Debt. Further, we test compliance with selected provisions of significant laws related to the Schedule of Federal Debt. Federal debt managed by BPD consists of Treasury securities held by the public and by certain federal government accounts, referred to as intragovernmental debt holdings. The level of debt held by the public reflects how much of the nation's wealth has been absorbed by the federal government to finance prior federal spending in excess of federal revenues. Intragovernmental debt holdings represent balances of Treasury securities held by federal government accounts, primarily federal trust funds such as Social Security, that typically have an obligation to invest their excess annual receipts over disbursements in federal securities. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-169/html/GAOREPORTS-GAO-06-169.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-169/pdf/GAOREPORTS-GAO-06-169.pdf GAO-06-169 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-169 Other Written Product GAO-06-169; Financial Audit: Bureau of the Public Debt's Fiscal Years 2005 and 2004 Schedules of Federal Debt; Data integrity Debt held by public Federal debt Financial statement audits Financial statements Internal controls Reporting requirements Bureau of the Public Debt Schedule of Federal Debt