NCJ Number
169187
Date Published
1997
Length
12 pages
Annotation
The Secretary of the Treasury's audit plan to determine the extent of counterfeiting of United States currency in foreign countries was studied to determine whether it would accomplish the objectives specified in the Antiterrorism and Effective Death Penalty Act of 1996.
Abstract
The analysis used generally accepted government auditing standards to collect and review documents, gather information from Department of the Treasury to clarify information in the plan, and review other materials. Results revealed that the submitted plan does not demonstrate that it will enable to meet the law's requirements. The plan does not clearly state the audit's objectives or the methodologies to achieve those objectives. After the authors of this review outlined their concerns about the submitted audit plan to Treasury and Federal Reserve officials, the Treasury official responsible for the plan reported that the agencies planned to provide Congress with a written addendum explaining the methodologies, assumptions, and limitations in more detail.