INTERNAL CONTROL SYSTEMS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83M00914R002200150002-4
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 19, 2016
• Document Release Date: August 9, 2006
• Sequence Number: 2
• Publication Date: October 8, 1982
• Content Type: MEMO

 7 2'23!
THE COMPTROLLER GENERAL
OF THE UNITED BTATEB
WAS $ I N G T O N . O . C . 2 0 5 4 0
. October 8, 1982
MEMORANDUM FOR HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES
SUBJECT: Internal Control Systems
the Congress on how well the internal management systems of-your
The recently enacted Federal Managers Financial Integrity Act
imposes--an important new responsibility on. you as an agency head.
The Act requires that you report annually to the President and
..The Act. places certain-. responsibilities-on the General Accounting.
..Office and the-Office of Management and Budget for the develop-
ment of standards and guidelines for agency internal control
systems. It requires each agency to establish control systems to
-provide reasonable assurance that
agency are working.
-- obligations and costs are in accordance with applicable
law;
-- funds, property, and.other assets are safeguarded;
-- revenues and expenditures are properly recorded and
accounted for.
Circular A-123, "Internal Control Systems," issued October 30,
1981, sets- forth similar requirements. Since agreat deal of
work has been done already in the agencies tot-implement Circular
A-123, it is intended that any additional standards or guidelines
developed under the authority of the Act will build upon those in
the Circular.
OMB and GAO plan to work together very closely in implementing
the Act and in assuring that the momentum already built up within
the agencies for improved internal control is sustained. We
believe the Act presents an opportunity for a partnership effort
among OMB, GAO and the operating agencies to put Government
financial practices on a sound, businesslike basis.
We also believe that effective internal control systems will
provide a sound foundation for much-needed management reforms.
We know we can expect your support in this effort.
Charles A. Bowsher
Comptroller General,
of the United Stat&s'
Approved For ; leaseS20061.08/09 : GAP;-I DP
EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON. D.C. 20503 .
`A +--`Jf5`s0'ph R. Wright, Jr.
Deputy Director
Office of Management and Budget