FANDOM


Citation Edit

Budget and Accounting Procedures Act of 1950 (BAPA), codified at 31 U.S.C. §3512 (1950).

Overview Edit

Under the Act, the head of each Government agency is required to establish and maintain systems of internal control to safeguard assets. The same legislation requires the GAO to prescribe accounting standards, to work with agencies in developing systems, and to audit agencies to determine the adequacy of internal controls over financial operations. In addition, the GAO is responsible for approving agencies' accounting systems when they conform to standards prescribed by the Comptroller General of the United States.

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.