§ 283j-1. — Audit.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283j-1]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283j-1. Audit
(a) Establishment
The Secretary of the Treasury shall instruct the United States
Executive Director to propose the establishment by the Board of
Executive Directors of a program of selective but continuing independent
and comprehensive audit of the Inter-American Development Bank, in
accordance with such terms of reference as the Board of Executive
Directors itself (or through a subcommittee), may prescribe. Such
proposal shall provide that the audit reports be submitted to the Board
of Executive Directors and to the Board of Governors.
(b) Scope and standards
The Secretary of the Treasury shall prepare the scope of the audit
and the auditing and reporting standards for the use of the United
States Executive Director in assisting in the formulation of the terms
of reference.
(c) Reports
The reports of the National Advisory Council on International
Monetary and Financial Policies to the Congress shall include, among
other things, an appraisal of the effectiveness of the implementation
and administration of the loans made by the Bank based upon the audit
reports. The Comptroller General may review the reports of audit and
findings issued and report to the Secretary of the Treasury and the
Congress any suggestions he might have in improving the scope of the
audit or auditing and reporting standards of the independent auditing
firm, group, or staff.
(Pub. L. 86-147, Sec. 14, as added Pub. L. 90-88, Sec. 1, Sept. 22,
1967, 81 Stat. 227; amended Pub. L. 104-316, title I, Sec. 111(b), Oct.
19, 1996, 110 Stat. 3833.)
Amendments
1996--Subsec. (b). Pub. L. 104-316 substituted ``Secretary of the
Treasury shall prepare'' for ``Comptroller General of the United States
shall prepare for the Secretary of the Treasury''.
Subsec. (c). Pub. L. 104-316 substituted ``may review'' for ``shall
periodically review'' in second sentence.
