What I can tell you, Madam Chair, is that we do an audit. Our audit is of the summary financial statements of the government. We do not audit individual departments or agencies and we also do not audit appropriations. In some places there are audits of appropriations. We don't do that when we audit the summary financial statements. We look to see that the overall financial statements of the government are presented fairly. Obviously that involves what we call materiality or margin of error, which is large. It's $1 billion. So if we are looking at particular departments and agencies, there is a possibility that there could be an error significant to that particular agency but that would not be significant to the financial statements as a whole.
On May 30th, 2006. See this statement in context.