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 2007-02-08 monographic deposited born digital 27 p. GA 1.13:GAO-07-436T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-436T P0b002ee180395beb f:d07436t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-07-436T machine generated eng fdlp REPORT GAOREPORTS-GAO-07-436T GAO-07-436T Accountability Auditing standards Economic analysis Economic development Federal funds Financial analysis Financial management systems Grant monitoring Internal controls Risk assessment Schedule slippages Strategic planning Tax law Trade agreements Corrective action Policies and procedures Northern Mariana Islands Testimony A65706 The U.S. insular area of the Commonwealth of the Northern Mariana Islands (CNMI) is a self-governing commonwealth of the United States that comprises 14 islands in the North Pacific. In a December 2006 report--U.S. Insular Areas: Economic, Fiscal, and Financial Accountability Challenges (GAO-07-119)--regarding four insular areas including CNMI, GAO identified and reported the following: (1) economic challenges, including the effect of changing tax and trade laws on their economies; (2) fiscal condition; and (3) financial accountability, including compliance with the Single Audit Act. The Chairman of the Senate Committee on Energy and Natural Resources, which requested the December 2006 report, asked GAO to present and discuss the results as they pertain to CNMI. Our summary and conclusions are based on our work performed for our December 2006 report on U.S. insular areas. For this testimony we also had available CNMI's fiscal year 2005 audited financial statements, which we have included in our review, along with some recent developments in fiscal year 2006. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-436T/html/GAOREPORTS-GAO-07-436T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-436T/pdf/GAOREPORTS-GAO-07-436T.pdf GAO-07-436T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-436T Testimony GAO-07-436T; Commonwealth of the Northern Mariana Islands: Serious Economic, Fiscal, and Accountability Challenges; Accountability Auditing standards Economic analysis Economic development Federal funds Financial analysis Financial management systems Grant monitoring Internal controls Risk assessment Schedule slippages Strategic planning Tax law Trade agreements Corrective action Policies and procedures Northern Mariana Islands