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 2007-11-16 monographic deposited born digital 64 p. GA 1.13:GAO-08-167 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-167 P0b002ee180388f78 f:d08167 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-08-167 machine generated eng fdlp REPORT GAOREPORTS-GAO-08-167 GAO-08-167 Accountability Accounting standards Auditing standards Federal regulations Financial management Financial management systems Financial records Financial statement audits Financial statements Information security Internal controls Program evaluation Reporting requirements Reports management Risk assessment Securities Stock exchanges Other Written Product A78269

Established in 1934 to enforce the securities laws and protect investors, the Securities and Exchange Commission (SEC) plays an important role in maintaining the integrity of the U.S. securities markets. Pursuant to the Accountability of Tax Dollars Act of 2002, 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 audit of SEC's financial statements. GAO's audit was done to determine whether, in all material respects, (1) SEC's fiscal year 2007 financial statements were reliable and (2) SEC's management maintained effective internal control over financial reporting and compliance with laws and regulations. GAO also tested SEC's compliance with certain laws and regulations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-167/html/GAOREPORTS-GAO-08-167.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-167/pdf/GAOREPORTS-GAO-08-167.pdf GAO-08-167 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-167 Other Written Product GAO-08-167; Financial Audit: Securities and Exchange Commission's Financial Statements for Fiscal Years 2007 and 2006; Accountability Accounting standards Auditing standards Federal regulations Financial management Financial management systems Financial records Financial statement audits Financial statements Information security Internal controls Program evaluation Reporting requirements Reports management Risk assessment Securities Stock exchanges Title 31 Section 3515 31 U.S.C. 3515 Public Law 99-335