An Overview of Federal Internal Audit

Gao ID: FGMSD-76-50 November 29, 1976

GAO attempted to find out whether federal departments and independent agencies had established an appropriate internal audit capability.

The heads of federal agencies have gradually increased the size of their audit staffs. As a group, the government's regulatory agencies have virtually no internal audit capacity. Several agencies which provide federal assistance spend as much as 60 to 80 percent of their time either monitoring and reviewing the audits of state and local auditors and independent public accountants or performing such external audits themselves.

Recommendations

Our recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.

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