Financial Audit

Expenditures by Six Independent Counsels for the Six Months Ended September 30, 1994 Gao ID: AIMD-95-113 March 31, 1995

This report presents the results of GAO's audits of expenditures reported by six independent counsels for the six months ended September 30, 1994. GAO found the statements of expenditures for independent counsels Arlin M. Adams, Joseph E. diGenova, Robert B. Fiske, Jr., Donald C. Smaltz, Kenneth W. Starr, and Lawrence E. Walsh were reliable in all material respects. GAO did find a material weakness in internal controls over reporting of expenditures, although there was no material noncompliance with laws and regulations.

GAO found that: (1) there was a material weakness in internal controls over reported expenditures; (2) the independent counsels fulfilled their financial reporting requirements by using summarized expenditure reports; (3) the Administrative Office of the U.S. Courts (AOUSC) reported expenditures for five independent counsels, while the Department of Justice reported expenditures for the sixth counsel; (4) the independent counsels took corrective action to improve internal controls through greater segregation of duties, increased interaction between independent counsel and AOUSC employees, and the ongoing development of written guidance; and (5) there were no other material instances of noncompliance for the periods ended September 30, 1994.

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