GAO recognizes the importance of strong financial systems and internal controls to ensure accountability, integrity, and reliability. Internal controls are designed to provide reasonable assurance that obligations and costs are in compliance with applicable laws and regulations. GAO is committed to fulfilling the internal control objectives of 31 U.S.C.C., formerly the Federal Managers Financial Integrity Act (FMFIA) Although not subject to FMFIA, we comply voluntarily with the act’s requirements. Audit Advisory Committee assists the comptroller general in overseeing the effectiveness of our financial reporting and audit processes.”]
Source: https://www.cuinfosecurity.com/financial-systems-internal-controls-a-263