United States Government Accountability Office GAO November 2009 Report to the Secretary of the Treasury_part2 pptx

Page 10 GAO-10-88 Schedules of Federal Debt our internal control testing to controls over financial reporting. Because of inherent limitations, internal control may not prevent or detect and correct misstatements due to error or fraud, losses, or noncompliance. We also caution that projecting any evaluation of effectiveness to future periods is subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. We did not test compliance with all laws and regulations applicable to BPD. We limited our tests of compliance to a selected provision of law that has a direct and material effect on the Schedule of Federal Debt for the fiscal year ended September 30, 2009. We caution that noncompliance may occur and not be detected by these tests and that such testing may not be sufficient for other purposes. We performed our audit in accordance with U.S. generally accepted government auditing standards. We believe our audit provides a reasonable basis for our opinions and other conclusions. Agency Comments In commenting on a draft of this report, BPD concurred with the conclusions in our report. The comments are reprinted in appendix II. Gary T. Engel Director Financial Management and Assurance November 2, 2009 This is trial version www.adultpdf.com . limited our tests of compliance to a selected provision of law that has a direct and material effect on the Schedule of Federal Debt for the fiscal year ended September 30, 2009. We caution. other conclusions. Agency Comments In commenting on a draft of this report, BPD concurred with the conclusions in our report. The comments are reprinted in appendix II. Gary T. Engel Director. because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. We did not test compliance with all laws and regulations applicable to BPD.