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<classification authority="sudocs">GA 1.13:GAO-07-119</classification>
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 <subject>Accountability</subject>
 <subject>Auditing standards</subject>
 <subject>Economic analysis</subject>
 <subject>Economic development</subject>
 <subject>Federal funds</subject>
 <subject>Financial analysis</subject>
 <subject>Financial management systems</subject>
 <subject>Grant monitoring</subject>
 <subject>Internal controls</subject>
 <subject>Risk assessment</subject>
 <subject>Schedule slippages</subject>
 <subject>Strategic planning</subject>
 <subject>Tax law</subject>
 <subject>Trade agreements</subject>
 <subject>Policies and procedures</subject>
 <subject>Corrective action</subject>
 <subject>American Samoa</subject>
 <subject>Guam</subject>
 <subject>Northern Mariana Islands</subject>
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<titleInfo>
 <title>U.S. Insular Areas: Economic, Fiscal, and Financial Accountability Challenges</title>
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<abstract>The U.S. insular areas of American Samoa, the Commonwealth of the
Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin	 
Islands (USVI), face long-standing economic, fiscal, and	 
financial accountability challenges. GAO was requested to	 
identify and report on the (1) economic challenges facing each	 
government, including the effect of changing tax and trade laws  
on their economies; (2) fiscal condition of each government; and 
(3) financial accountability of each government, including	 
compliance with the Single Audit Act, which applies to nonfederal
entities that receive $500,000 or more a year in federal funding</abstract>
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 <topic>Auditing standards</topic>
 <topic>Economic analysis</topic>
 <topic>Economic development</topic>
 <topic>Federal funds</topic>
 <topic>Financial analysis</topic>
 <topic>Financial management systems</topic>
 <topic>Grant monitoring</topic>
 <topic>Internal controls</topic>
 <topic>Risk assessment</topic>
 <topic>Schedule slippages</topic>
 <topic>Strategic planning</topic>
 <topic>Tax law</topic>
 <topic>Trade agreements</topic>
 <topic>Policies and procedures</topic>
 <topic>Corrective action</topic>
 <topic>American Samoa</topic>
 <topic>Guam</topic>
 <topic>Northern Mariana Islands</topic>
 <topic>Virgin Islands</topic>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 96 Page 1705</partNumber>
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  <title>United States Statutes at Large</title>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 120 Page 345</partNumber>
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  <title>United States Public Law 241 (94th Congress)</title>
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