About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline



AFMD-82-118 1 (1982-09-14)

handle is hein.gao/gaobabmor0001 and id is 1 raw text is: 


                        COMPTROLLER GENERAL OF THE UNITED STATES
                                     WASHINGTON D.C. 20648





 B-209048                            September  4, 1982




 Mr. D. P. McAuliffe
 Administrator
 Panama Canal Commission
 APO Miami 34011

 Dear Mr. McAuliffe:

      Subject: Approval of the Accounting Principles and Standards
                Statement of the Panama Canal Commission
                (GAO/AFMD-82-118)

      It is my pleasure to approve the Statement of Accounting Principles
.and Standards for the Panama Canal Commission submitted with your letter
of July 14, 1982. The Statement is adequate and in conformance with the
accounting principles and standards prescribed by our Office.

      To maintain the approved status of the Statement, planned changes
 should be discussed with our representatives and, if deemed significant,
 submitted formally for approval.

     We commend you and your staff for having developed the accounting
 principles and standards that will be the nucleus for your financial
 management system. Representatives of our Office will continue to
 cooperate with members of your staff during their design and documentation
 efforts.

                                     Sincerely yours,



                              Comptrolle            eral
                                     of the United tates





                                                                    119451




                                                                (935744)