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 2007-04-19 monographic deposited born digital 19 p. GA 1.13:GAO-07-746T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-746T P0b002ee1803a1ac2 f:d07746t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-07-746T machine generated eng fdlp REPORT GAOREPORTS-GAO-07-746T GAO-07-746T Accountability Audit reports Clothing industry Financial records Financial statement audits Funds management Internal controls International trade Tourism Northern Mariana Islands Testimony A68527 The Commonwelth of the Northern Mariana Islands (CNMI) is a self-governing commonwealth of the United States that administers its own local government functions under its own constitution. CNMI consists of 14 islands in the North Pacific with a total land area about 2.5 times the size of Washington, D.C. In recent years, CNMI has experienced serious economic and fiscal challenges, and several indicators point to a fiscal crisis in fiscal year 2006. This testimony highlights the recent economic trends in the CNMI economy, its weakening fiscal condition, and its financial accountability challenges. Our conclusions are based on work performed for our December 2006 report on U.S. insular areas and our February 2007 testimony on CNMI before the Senate Committee on Energy and Natural Resources, which was updated to include audited financial information through fiscal year 2005 and some recent developments in fiscal year 2006 based on information available as of February 2007. Today, we are also including additional information on CNMI's fiscal year 2006 status recently provided to us by CNMI's Secretary of Finance. We conducted our work in accordance with generally accepted government auditing standards. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-746T/html/GAOREPORTS-GAO-07-746T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-746T/pdf/GAOREPORTS-GAO-07-746T.pdf GAO-07-746T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-746T Testimony GAO-07-746T; Commonwealth of the Northern Mariana Islands: Serious Economic, Fiscal, and Accountability Challenges; Accountability Audit reports Clothing industry Financial records Financial statement audits Funds management Internal controls International trade Tourism Northern Mariana Islands