Audit of the Reconstruction Finance Corporation by the General Accounting Office: Hearings Before the Committee on Expenditures in the Executive Departments, House of Representatives, Seventy-ninth Congress, Second Session, on House Document No. 674, Communication from Corporation Audits Division, General Accounting Office, to the Reconstruction Finance Corporation. July 2 and 10, 1946

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Página 17 - Such stock shall be subscribed for by the Secretary of the Treasury on behalf of the United States...
Página 29 - The report shall set forth the scope of the audit and shall include a statement of assets and liabilities, capital, and surplus or deficit ; a statement of surplus or deficit analysis; a statement of income and expense; a statement of sources and application of funds ; and such comments and information as may be deemed necessary to keep Congress informed of the operations and financial condition of the Commission, together with such recommendations with respect thereto as the Comptroller General...
Página 19 - Treasury of the material so transferred. "(c) Effective whenever the Secretary of the Treasury shall cancel any notes pursuant to subsection (b) of this section, the amount of notes, debentures, bonds, or other such obligations which the Reconstruction Finance Corporation is authorized and empowered to have outstanding at any one time under the provisions of existing law shall be deemed to be reduced by the amount of the notes so canceled.
Página 29 - Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. The audit shall be conducted at the place or places where accounts of the Corporation are normally kept.
Página 29 - The financial transactions of the Corporation for any fiscal year during which Federal funds are available to finance any portion of its operations may be audited by the General Accounting Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States.
Página 26 - Corporation to determine and prescribe the manner in which its obligations are incurred and its expenses allowed and paid, or to exercise exclusive control over its funds, including, without limitation, their receipt, deposit and disbursement, and the Corporation shall continue to have exclusive authority to make settlement and adjustment for all claims and demands whatever by the Corporation or against it and all accounts whatever in which the Corporation is concerned, either as debtor or creditor....
Página 29 - ... (c) A report of the audit for each fiscal year ending on June 30 shall be made by the Comptroller General to the Congress not later than January 15 following the close of such fiscal year. * * * The report to the Congress shall set forth the scope of the audit and shall include a statement of assets and liabilities...
Página 67 - Patten, we will be glad to hear you at this time. STATEMENT OF HON.
Página 29 - General may deem advisable, including a report of any impairment of capital noted in the audit and recommendations for the return of such Government capital or the payment of such dividends as, in his judgment, should be accomplished. The report shall also show specifically any program, expenditure, or other financial transaction or undertaking observed in the course of the audit, which, in the opinion of the Comptroller General, has been carried on or made without authority of law.
Página 26 - Corporation"), a corporation created by Reconstruction Finance Corporation pursuant to Section 5d of the Reconstruction Finance Corporation Act, as amended...

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