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GSA FY 2006 Audit Receives Clean Opinion

GSA #10296

November 13, 2006
Contact: Diane Merriett (202) 501-1231
diane.merriett@gsa.gov


Washington, DC - Today, the U. S. General Services Administration (GSA) announced Price Waterhouse Coopers (PWC), the agency’s independent auditors, reported an unqualified, or “clean,” audit opinion of GSA’s FY 2006 financial statements.  The audit opinion affirms that GSA’s internal controls are sufficient over financial reporting and to maintain its customers' budget authority.

“One of the top priorities of my tenure at GSA is to enforce sound financial management practices through transparency, integrity, and accountability.  GSA’s FY 2006 unqualified audit opinion is a remarkable achievement,” said GSA Administrator Lurita Doan.  “It’s the result of an unparalleled level of effort and demonstrates our commitment to ensuring appropriate financial management of customer and taxpayer monies, and our full support of the President’s Management Agenda.”

“GSA earned this audit opinion through planning and good old-fashioned hard work.  GSA shares this accomplishment with our financial community, and extends our gratitude to them for their role in this Herculean effort,” said GSA Chief Financial Officer Kathleen Turco.

GSA filed their FY 2006 Performance and Accountability Report, which includes the financial reports and audit findings, on Nov. 10, 2006 and five days early, with the Office of Management and Budget.  PWC’s unqualified opinion signifies that GSA is not only ready to do business in FY 2006 but also successfully addressed past financial concerns. 

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Founded in 1949, GSA serves as a centralized procurement and property management agency for the federal government.  GSA manages more than one-fourth of the government’s total procurement dollars and influences the management of $500 billion in federal assets, including 8,300 government-owned or leased buildings and 170,000 vehicles.  GSA helps preserve our past and define our future, as a steward of more than 420 historic properties, and as manager of FirstGov.gov, the official portal to federal government information and services. GSA’s mission to provide superior workplaces, expert technology solutions, acquisition services, purchasing and e-travel solutions and management policies, at best value, allows federal agencies to focus on their core missions.

Did you know?  GSA conducted nearly $56 billion in business activity for other Federal agencies this past year, both services and commodity buying.  This buying power results in reduced wasteful spending and saves the taxpayer's money.