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Wednesday, July 15, 2020 | History

3 edition of Audit of the Reconstruction Finance Corporation by the General Accounting Office found in the catalog.

Audit of the Reconstruction Finance Corporation by the General Accounting Office

Audit of the Reconstruction Finance Corporation by the General Accounting Office

hearings before the United States House Committee on Expenditures in the Executive Departments, Seventy-Ninth Congress, second session, on July 2, 10, 1946.

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Published by U.S. G.P.O. in Washington .
Written in English

    Subjects:
  • United States. -- General Accounting Office,
  • Reconstruction Finance Corporation -- Auditing.,
  • United States -- Appropriations and expenditures -- Auditing.

  • The Physical Object
    FormatMicroform
    Paginationiii, 105 p.
    Number of Pages105
    ID Numbers
    Open LibraryOL22301367M

    48 Others were the Reconstruction Finance group and the Production and Marketing group, with two each, and single corporations in the case of the Inland Waterways Corporation, Export-Import Bank of Washington, Federal Deposit Insurance Corporation, Federal Prison Industries, Panama Railroad Company, Tennessee Valley Authority, and Virgin. Complainant, doing a cattle slaughtering business under the name San Mateo Meat Company, received from the Reconstruction Finance Corporation in the sum of $4, on his claim for the so-called special profit subsidy provided by § (b) (3) of respondent's Revised Regulation No. 3 — Livestock Slaughter Payments, 1 in compliance with § 2 of Directive 90 of the Office of.

    Congress chartered the Reconstruction Finance Corporation (RFC) to provide aid to state and local governments and loans to banks, mortgage corporations and businesses. The RFC continued under the New Deal to help restore business prosperity. During World War II, the RFC merged with the Federal Deposit Insurance Corporation (FDIC). AICPA Audit and Accounting Guide Not-for-Profit Organizations Corporation for Public Broadcasting (CPB), in consultation with the Comptroller General of the United States, fidevelop accounting principles which shall be used uniformly by all public It includes not only broad guidelines of general application but also.

    (a) Financial statements, including notes related to the financial statements and required supplementary information, prepared in conformity with United States generally accepted accounting principles. See Florida Statutes ; Fiscal year: The fiscal year is the accounting period for the the federal government, this begins on October 1 and ends on September   There are so many reasons which arises the need for internal reconstruction are as-financial position does not show a true and fair view,assets do not present true book values,overdue outside liabilities and inflated share ,reorganize the company by revaluing the assets,reduction in liabilities and capital through internal.


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Audit of the Reconstruction Finance Corporation by the General Accounting Office Download PDF EPUB FB2

Audit of the Reconstruction Finance Corporation by the General Accounting Office: hearings before the Committee on Expenditures in the Executive Departments, House of Representatives, Seventy-ninth Congress, second session, on House Document No.

communication from Corporation Audits Division, General Accounting Office, to the Reconstruction Finance Corporation. Audit of the Reconstruction finance corporation by the General accounting office. By United States. Congress. House. Committee on Government Operations. Abstract.

Mode of access: Internet Topics: Reconstruction Finance Corporation. United States General Accounting Office GAO History Program November John P. Abbadessa GAO Auditing the Reconstruction Finance Corporation Audit of the Atomic Energy Commission Work on TVA The Dixon-Yates Controversy Weitzcl-Campbell Relationship The Reorganization of GAO.

The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government between and that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses.

Its purpose was to boost the country’s confidence and help banks resume daily functions after the start of. Finance Corporation currently housed at the National Archives Southeast Region facility located in Ellenwood, Georgia.

Transfer 51P Loan Agency, Reconstruction Finance Corporation, Financial and Small War Plant Loan Corporation Payment Records, 1 cubic foot.

ACO-AT Location: /1/5/4/1. Box Arranged alphabetically by city. Reconstruction of financial accounts shall include reconstruction of due areas of accounting records and complete reconstruction of the company’s accounting.

As a result the client will have reconstructed accounting and tax records, new financial statements prepared according to the new accounting records (if agreed by the parties). The General Accounting Office (GAO) was established by the Budget and Accounting Act of Since then, new legislation and modified poli- cies have been adopted that enable GAO to meet the needs of the Con- gress as it comes to grips with increasingly complex govermnental programs and.

(c) Audit of property accounts by General Accounting Office. Requires the General Accounting Office to audit all types of property accounts and transactions, such audit to include an evaluation of the effectiveness of internal controls and audits, and a general audit of the discharge of the duty to account for property.

Section Just to give an update, I managed to get the answer as follows: “It is not unusual for there to be bona fide reconstructions of companies whereby a company’s undertaking or a subsidiary is transferred or hived off into a new company, with the consideration for such transfer being the issue of new shares in the new company to the shareholders of the transferring entity.

German Centre for Industry and Trade, office18 bld.6, Andropova pr., Moscow, Russia, Tel: +7 () E-mail: [email protected] 10 ledgers and 2 loose bundles of Reconstruction Finance Corporation (RFC) records (RG ), specifically Metals Reserve Company (MRC) and Rubber Reserve Company (RRC) records.

Records relate to a variety of topics including production, shipment, and contracts, among others. DISPOSITION: Temporary - a) R&Hi&r8& AcK. relat&~. Having proper accounting records is crucial to business owners not only in gaining insight of the true performance of their business but it is also required by BIR to retain accounting records for 10 years and should be ready in times of audit.

General Accounting, Statutory Compliances, MIS Reporting & Audit Co-ordination. Projects Developed excel based price evaluation model for all petroleum products for price revisions & reporting. Carried out least cost route analysis for direct : Chief Manager - Finance &. The mission of the General Accounting unit is to maintain and ensure the accuracy and integrity of the Institution’s financial records.

This responsibility requires that transactions are recorded into the Institution’s accounting system in accordance with Generally Accepted Accounting Principles (GAAP), accounting policies of the.

Reconstruction Finance Corporation (RFC), U.S. government agency established by Congress on Januto provide financial aid to railroads, financial institutions, and business corporations. With the passage of the Emergency Relief Act in Julyits scope was broadened to include aid.

11 Internal Reconstruction LEARNING OBJECTIVES After studying this chapter you should be able to understand: The nature of internal reconstruction. The need for internal reconstruction.

Sections 94 to 97 of - Selection from Corporate Accounting [Book]. Preparing for a Tax Audit: Reconstruction of Tax Records. October 12th, If the client has kept an appointment book, this can be useful for reconstructing records related to travel, services provided to clients, the number and types of services rendered, and so on.

knowledgeable accounting professionals with considerable experience. General Accounting Office. government agency created by way of the Budget and Accounting Act of ; agency was to audit spending by other government agencies.

Trickle down principle. Coolidge's vice president; was the head of the Reconstruction Finance Corporation. Glass-Steagall Act. The Office of Financial Management (OFM) establishes and maintains the state accounting standards, regulations, procedures, records, and reports that promote sound business practices while providing accurate financial reporting.

OFM's Statewide Accounting team is responsible for working with state agencies and national accounting standard-setting organizations to assure.

b,24 comp. gen. contracts - cost-plus - state license fees on automotive equipment leased from defense plant corporation personal property of the defense plant corporation an affiliate corporation of the reconstruction finance corporation having been exempted by section 10 of the act of januas amended, from state taxation, including "use" taxes, a.

HR IH d CONGRESS 1st Session H. R. To establish the Reconstruction Finance Corporation to make loans and loan guarantees to individuals or concerns engaged in industry, agriculture, and commerce, who would otherwise be unable to obtain needed financing or refinancing essential for continued operation thereby preventing unemployment and resulting disruption of the .Biographical Information Mr.

Hassell B. Bell served on the staff of the l Accounting Office (GAO) from to For the first 3 years, he was assigned to the Corporation Audits Division. He was Manager of GAO’S New York Regional Office from towhen he joined the newly created Defense Accounting and Auditing Division.In subsection (e), the words "The Comptroller General shall pay the cost of an audit" are substituted for "The expenses of auditing the financial transactions of wholly owned and mixed-ownership Government corporations as provided in sections and of this title shall be borne out of appropriations to the General Accounting Office" to.