System of accounting and control

§ 2208. System of accounting and control (a) The Postmaster General shall establish and maintain a system of accounting conforming to accounting principles and standards prescribed by the Comptroller General, and a system of internal control providing for— (1) adequate accounting and internal control, including appropriate provisions for internal audit over and accountability for all funds, property and other assets for which the Department is responsible; (2) assembling of financial information needed for management purposes; and (3) full disclosure of the financial results of the operations of the Department. (b) Officers and employees of the Department shall render accounts required by the Postmaster General in such form and with such certificate as he prescribes. (c) The Comptroller General shall cooperate with the Postmaster General in the establishment of the accounting system provided for by subsection (a) of this section and shall approve the system when he deems it to be in conformity with the accounting principles and standards prescribed by him under such subsection.