Legistorm: Transparency's Sidekick

In its audit of the U.S. Capitol Police, PricewaterhouseCoopers found that the Police's internal control fell short in ensuring that (1) its assets were safeguarded against loss or misappropriation, (2) transactions were executed in accordance with management's authority and with laws and regulations, and (3) there were no material misstatements in the financial reports. On three occasions involving its appropriations for salaries, the Police violated the Anti-Deficiency Act, which prohibits an officer or employee of the United States from making an expenditure from an appropriation that exceeds the amount available in the appropriation. The Police's combining statement of receipts and disbursements for fiscal year 1999 presents fairly the receipts and disbursements of appropriated funds on a modified cash basis, which is another comprehensive basis of accounting.