Page:United States Statutes at Large Volume 96 Part 1.djvu/1001

 PUBLIC LAW 97-258—SEPT. 13, 1982

96 STAT. 959

Sec. 3544. Rights and remedies of the United States Government reserved. 3545. Civil action to recover money.

SUBCHAPTER I—GENERAL §3501. Definition In this chapter, "executive agency" does not include (except in section 3513 of this title) a corporation, agency, or instrumentality subject to chapter 91 of this title.

"Executive agency. Post, p. 1041.

SUBCHAPTER II—ACCOUNTING REQUIREMENTS, SYSTEMS, AND INFORMATION § 3511. Prescribing accounting requirements and developing accounting systems (a) The Comptroller General shall prescribe the accounting principles, standards, and requirements that the head of each executive agency shall observe. Before prescribing the principles, standards, and requirements, the Comptroller General shall consult with the Secretary of the Treasury and the President on their accounting, financial reporting, and budgetary needs, and shall consider the needs of the heads of the other executive agencies. (b) Requirements prescribed under subsection (a) of this section shall— (1) provide for suitable integration between the accounting process of each executive agency and the accounting of the Department of the Treasury; (2) allow the head of each agency to carry out section 3512 of this title; and (3) provide a method of— (A) integrated accounting for the United States Government; (B) complete disclosure of the results of the financial operations of each agency and the Government; and (C) financial information and control the President and Congress require to carry out their responsibilities, (c) Consistent with subsections (a) and (b) of this section— (1) the authority of the Comptroller General continues under section 205(b) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 486(b)); and (2) the Comptroller General may prescribe the forms, systems, and procedures that the judicial branch of the Government (except the Supreme Court) shall observe. (d) The Comptroller General, the Secretary, and the President shall conduct a continuous program for improving accounting and financial reporting in the Government. § 3512. Executive agency accounting systems (a) The head of each executive agency shall establish and main- Establishment, tain systems of accounting and internal controls that provide— (1) complete disclosure of the financial results of the activities of the agency; (2) adequate financial information the agency needs for management purposes; (3) effective control over, and accountability for, assets for which the agency is responsible, including internal audit; (4) reliable accounting results that will be the basis for—

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