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GAO-04-1014 Financial Audit - gao

GAO-04-1014 Financial Audit - gao-2025

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The GAO report, dated September 2004, presents the results of audits on expenditures from two offices of independent counsel and one office of special counsel for the six months ending March 31, 2004. It concludes that the statements of expenditures are fairly presented in accordance with the cash basis of accounting, with effective internal controls over financial reporting and compliance with laws. The report includes detailed appendices outlining specific expenditures for each counsel's office.

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What is GAO in auditing?

The United States Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress. It is the supreme audit institution of the federal government of the United States.

What is GAO audit?

GAO is the supreme audit institution for the United States. Federal and state auditors look to GAO to provide standards for internal controls, financial audits, and other types of government audits.

What is the full meaning of GAO?

Meaning of GAO in English abbreviation for Government Accountability Office: a US government department that examines how public money is spent and how well government programs are working: The GAO has issued reports describing how government systems are vulnerable to hackers who want to change data or commit fraud.

What does GAO stand for?

The Government Accountability Office (GAO) is known as the investigative arm of Congress and the congressional watchdog. GAO supports the Congress in meeting its constitutional responsibilities and helps improve the performance and accountability of the federal government for the benefit of the American people.

What does GAO stand for in accounting?

U.S. Government Accountability Office (U.S. GAO)

What is the difference between financial audit and management audit?

Enhancing Operational Efficiency and Strategic Growth: While financial audits ensure the numbers are correct, management audits reveal how those numbers are generated. They help identify inefficiencies in your processes, uncover operational bottlenecks, and provide insights that support strategic decision-making.

Is the GAO trustworthy?

Integrity: GAO takes a professional, objective, fact-based, nonpartisan, nonideological, fair, and balanced approach to all of its activities and sets high standards for itself and its work. Integrity is the foundation of reputation, and GAOs approach to its work assures both.

GAO-04-1014 Financial Audit - gao-2025

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