{"identifier":"/us/usc/t15/s78d\u20138","title":15,"num":"\u00a7\u202f78d\u20138.","heading":"Annual financial controls audit","text":"\u00a7\u202f78d\u20138.\nAnnual financial controls audit\n(a)\nReports of Commission\n(1)\nAnnual reports required\nNot later than 6 months after the end of each fiscal year, the Commission shall publish and submit to Congress a report that\u2014\n(A) describes the responsibility of the management of the Commission for establishing and maintaining an adequate internal control structure and procedures for financial reporting; and\n(B) contains an assessment of the effectiveness of the internal control structure and procedures for financial reporting of the Commission during that fiscal year.\n(2)\nAttestation\nThe reports required under paragraph (1) shall be attested to by the Chairman and chief financial officer of the Commission.\n(b)\nReport by Comptroller General\n(1)\nReport required\nNot later than 6 months after the end of the first fiscal year after\n(A) the effectiveness of the internal control structure and procedures of the Commission for financial reporting; and\n(B) the assessment of the Commission under subsection (a)(1)(B).\n(2)\nAttestation\nThe Comptroller General shall attest to, and report on, the assessment made by the Commission under subsection (a).\n(c)\nReimbursements for cost of reports\n(1)\nReimbursements required\nThe Commission shall reimburse the Government Accountability Office for the full cost of making the reports under subsection (b), as billed therefor by the Comptroller General.\n(2)\nCrediting and use of reimbursements\nSuch reimbursements shall\u2014\n(A) be credited to the appropriation account \u201cSalaries and Expenses, Government Accountability Office\u201d current when the payment is received; and\n(B) remain available until expended.","url":"https://projectusc.org/usc/t15/s78d\u20138.html","content":[{"t":"sec","id":"/us/usc/t15/s78d\u20138","children":[{"t":"num","text":"\u00a7\u202f78d\u20138."},{"t":"heading","text":"Annual financial controls audit"},{"t":"subsec","id":"/us/usc/t15/s78d\u20138/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Reports of Commission"},{"t":"para","id":"/us/usc/t15/s78d\u20138/a/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Annual reports required"},{"t":"chapeau","text":"Not later than 6 months after the end of each fiscal year, the Commission shall publish and submit to Congress a report that\u2014"},{"t":"subpara","id":"/us/usc/t15/s78d\u20138/a/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" describes the responsibility of the management of the Commission for establishing and maintaining an adequate internal control structure and procedures for financial reporting; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s78d\u20138/a/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" contains an assessment of the effectiveness of the internal control structure and procedures for financial reporting of the Commission during that fiscal year.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s78d\u20138/a/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Attestation"},{"t":"content","children":[{"t":"p","text":"The reports required under paragraph (1) shall be attested to by the Chairman and chief financial officer of the Commission.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s78d\u20138/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Report by Comptroller General"},{"t":"para","id":"/us/usc/t15/s78d\u20138/b/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Report required"},{"t":"chapeau","text":"Not later than 6 months after the end of the first fiscal year after ","children":[{"t":"text","text":"July 21, 2010","tail":", the Comptroller General of the United States shall submit a report to Congress that assesses\u2014"}]},{"t":"subpara","id":"/us/usc/t15/s78d\u20138/b/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the effectiveness of the internal control structure and procedures of the Commission for financial reporting; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s78d\u20138/b/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the assessment of the Commission under subsection (a)(1)(B).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s78d\u20138/b/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Attestation"},{"t":"content","children":[{"t":"p","text":"The Comptroller General shall attest to, and report on, the assessment made by the Commission under subsection (a).","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s78d\u20138/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Reimbursements for cost of reports"},{"t":"para","id":"/us/usc/t15/s78d\u20138/c/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Reimbursements required"},{"t":"content","children":[{"t":"p","text":"The Commission shall reimburse the Government Accountability Office for the full cost of making the reports under subsection (b), as billed therefor by the Comptroller General.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s78d\u20138/c/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Crediting and use of reimbursements"},{"t":"chapeau","text":"Such reimbursements shall\u2014"},{"t":"subpara","id":"/us/usc/t15/s78d\u20138/c/2/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" be credited to the appropriation account \u201cSalaries and Expenses, Government Accountability Office\u201d current when the payment is received; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s78d\u20138/c/2/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" remain available until expended.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}