
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC1910]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
           CHAPTER 18--MICRONESIA, MARSHALL ISLANDS, AND PALAU
 
              SUBCHAPTER I--MICRONESIA AND MARSHALL ISLANDS
 
Sec. 1910. Implementation of audit agreements


(a) Transmission of annual financial statement

    Upon receipt of the annual financial statement described in sections 
1902(c)(4) and 1903(m)(4) of this title, the President shall promptly 
transmit a copy of such statement to the Congress.

(b) Annual audits by President

    (1) The President shall cause an annual audit to be conducted of the 
annual financial statements described in sections 1902(c)(4) and 
1903(m)(4) of this title. Such audit shall be conducted in accordance 
with the Generally Accepted Government Auditing Standards promulgated by 
the Comptroller General of the United States. Such audit shall be 
submitted to the Congress not later than 180 days after the end of the 
United States fiscal year.
    (2) The President shall develop and implement procedures to carry 
out such audits. Such procedures shall include the matters described in 
sections 1902(c)(2) and 1903(m)(2) of this title.

(c) Authority of GAO

    The Comptroller General of the United States shall have the 
authority to conduct the audits referred to in sections 1902(c)(1) and 
1903(m)(1) of this title.

(Pub. L. 99-239, title I, Sec. 110, Jan. 14, 1986, 99 Stat. 1798.)

                          Codification

    Section was formerly set out as a note under section 1681 of this 
title.

                  Section Referred to in Other Sections

    This section is referred to in section 1932 of this title.
