§ 2008. — Audit and expenditures.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 39USC2008]
TITLE 39--POSTAL SERVICE
PART III--MODERNIZATION AND FISCAL ADMINISTRATION
CHAPTER 20--FINANCE
Sec. 2008. Audit and expenditures
(a) The accounts and operations of the Postal Service shall be
audited by the Comptroller General and reports thereon made to the
Congress to the extent and at such times as he may determine.
(b) The Postal Service shall maintain an adequate internal audit of
the financial transactions of the Postal Service.
(c) Subject only to the provisions of this chapter, the Postal
Service is authorized to make such expenditures and to enter into such
contracts, agreements, and arrangements, upon such terms and conditions
and in such manner as it deems necessary, including the final settlement
of all claims and litigation by or against the Postal Service.
(d) Nothing in this section shall be construed as denying to the
Postal Service the power to obtain audits of the accounts of the Postal
Service and reports concerning its financial condition and operations by
certified public accounting firms. Such audits and reports shall be in
addition to those required by this section.
(e) At least once each year beginning with the fiscal year
commencing after June 30, 1971, the Postal Service shall obtain a
certification from an independent, certified public accounting firm of
the accuracy of any financial statements of the Postal Service used in
determining and establishing postal rates.
(Pub. L. 91-375, Aug. 12, 1970, 84 Stat. 741.)
