Page:United States Statutes at Large Volume 96 Part 2.djvu/1107

 PUBLIC LAW 97-452—JAN. 12, 1983

96 STAT. 2469

"(b)(1) To ensure compliance with subsection (a)(3) of this section and consistent with standards the Comptroller General prescribes, the head of each executive agency shall establish internal accounting and administrative controls that reasonably ensure that— "(A) obligations and costs comply with applicable law; "(B) all assets are safeguarded against waste, loss, unauthorized use, and misappropriation; and "(C) revenues and expenditures applicable to agency operations are recorded and accounted for properly so that accounts and reliable financial and statistical reports may be prepared and accountability of the assets may be maintained. "(2) Standards the Comptroller General prescribes under this subsection shall include standards to ensure the prompt resolution of all audit findings. "(c)(1) In consultation with the Comptroller General, the Director of the Office of Management and Budget— "(A) shall establish by December 31, 1982, guidelines that the head of each executive agency shall follow in evaluating the internal accounting and administrative control systems of the agency to decide whether the systems comply with subsection (b) of this section; and "(B) may change a guideline when considered necessary. "(2) By December 31 of each year (beginning in 1983), the head of each executive agency, based on an evaluation conducted according to guidelines prescribed under paragraph (1) of this subsection, shall prepare a statement on whether the systems of the agency comply with subsection (b) of this section, including— "(A) if the head of an executive agency decides the systems do not comply with subsection (b) of this section, a report identifying any material weakness in the systems and describing the plans and schedule for correcting the weakness; and "(B) a separate report on whether the accounting system of the agency conforms to the principles, standards, and requirements the Comptroller General prescribes under section 3511(a) of this title. "(3) The head of each executive agency shall sign the statement and reports required by this subsection and submit them to the President and Congress. The statement and reports are available to the public, except that information shall be deleted from a statement or report before it is made available if the information specifically is— "(A) prohibited from disclosure by law; or "(B) required by Executive order to be kept secret in the interest of national defense or the conduct of foreign affairs.". (13)(A) Section 3701 is amended to read as follows: "§ 3701. Dennitions and application ,il>' "(a) In this chapter— "(1) 'administrative offset' means withholding money payable by the United States Government to, or held by the Government for, a person to satisfy a debt the person owes the Government. "(2) 'calendar quarter' means a 3-month period beginning on January 1, April 1, July 1, or October 1. "(3) 'consumer reporting agency' means—

Guidelines.

Ante, p. 959. Statement and reports submittal to President and Congress. Public availability.

31 USC 3701.

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