...noted in report-; of audits by the General Accounting Office, which are required by law to be made in accordance with the principles and procedures applicable to commercial corporate transactions, without necessarily making any recommendations thereon. 5. Other comments and recommendations The Corporation...

...specified that "the financial transactions of wholly owned Government corporations shall be audited in accordance with the principles and procedures applicable to commercial corporate transactions * * *." Hence, the audit of Government corporations is made more along the lines of the business or...

...sections provide as follows: SEC. 105. The financial transactions of wholly owned Government corporations shall be audited by the General Accounting Office...transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States : Provided, That such rules and regulations...

...sections provide as follows: SEC. 105. The financial transactions of wholly owned Government corporations shall be audited by the General Accounting Office...transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States: Provided, That such rules and regulations...

...financial transactions of the agencies subject to its full provisions shall be audited independently by the General Accounting Office in accordance with...transactions and under such rules and regulations as may be prescribed by the Comptroller General. A report of each such audit for each fiscal year shall...

...transactions of the Corporation shall be audited by the General Accounting Office in accordance with procedures applicable to commercial corporate transactions and under such rules and regulations as may be agreed upon by the Comptroller General and the Board of Directors. The audit shall be conducted...

...transactions of the Corporation shall be audited by the General Accounting Office in accordance with procedures applicable to commercial corporate transactions and under such rules and regulations as may be agreed upon by the Comptroller General and the Board of Directors. The audit shall be conducted...

...Office has been charged with the duty of making audits of CCC for each fiscal year beginning with 1945 "in accordance with the principles and procedures applicable to commercial corporate transactions." Although some preliminary work had been done, the audit by the Corporation Audits Division did not...

...question are as follows : Section 17 (b) provides that — The financial transactions of the Corporation shall be audited by the General Accounting Office...transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. * * * Section 17 (c) provides that...

...end ot the fiscal year established by the corporation, by an independent certified public accountant in accordance with the principles and procedures applicable to commercial corporate transactions. The audit shall be conducted at the place or olaces where the accounts of the corporation are normally...