changes, it would not be able to meet the December 31, 1968, submission date for the compensation, pension and education subsystem and that it now plans to submit this subsystem by December 31, 1969. VA has assigned additional staff to perform the work necessary for submission of the compensation, pension and education subsystem and we believe that VA will meet its new target date.

OTHER INDEPENDENT AGENCIES

The other independent agencies, not mentioned earlier in this report, have 38 accounting systems subject to approval by the Comptroller General, of which 27 have been approved. We approved six complete systems and three statements of principles and standards for these other independent agencies during 1968. One unapproved system— for the Securities and Exchange Commission-submitted for approval by the Comptroller General was under review at December 13, 1968.

During 1968, eight of the 10 other unapproved accounting systems in this group were being actively developed by the respective agencies preparatory to their submission for approval by the Comptroller General. By the end of the year the agency development work had progressed to the point where the agencies had established target dates for the submission of six of the eight systems to the Comptroller General for approval. Statements of principles and standards had been developed for the other two systems-one of which was approved. Major systems for this group of other independent agencies include those for the Atomic Energy Commission, Civil Service Commission, General Services Administration, Railroad Retirement Board, and the Panama Canal Zone Government. Our work at the Atomic Energy Commission, the General Services Administration, and the Panama Canal Zone Government indicates that their accounting systems, which were approved in 1963, 1965, and 1964, respectively, generally meet present day requirements. The Civil Service Commission (CSC) has six accounting systems subject to approval, four of which were approved in 1968. The CSC accounting systems for administrative expenses and revolving fund-investigations, which were approved several years ago, are scheduled to be resubmitted for approval as one consolidated system in March 1969. The statement of principles and standards for this consolidated system was approved in November 1968. The accounting system for the Railroad Retirement Board has not been approved, but a statement of principles and standards was approved in June 1968 and the Board plans to submit the design. phase of its system for approval during the first part of 1969.

The remainder of the other independent agencies consists of regulatory agencies, boards, commissions, and other relatively small agencies. With two exceptions, their systems have either been approved, are under review, or are scheduled to be submitted to the Comptroller General for approval in 1969 and 1970.

STATUS OF OTHER INDEPENDENT AGENCY ACCOUNTING SYSTEMSDECEMBER 31, 1968

The following tabulation shows the status of other independent agency accounting systems as of December 31, 1968.

1 The CSC accounting systems for administrative expenses and revolving fund-investigations are scheduled to be resubmitted as 1 consolidated system in March 1969. The statement of principles and standards for the consolidated system was approved in November 1968.

2 A target date for submission has not been established.

3 The Farm Credit Administration submitted its statement of principles and standards for informal review in February 1968. A target date for submission of the accounting system has not been established.

The Railroad Retirement Board's statement of principles and standards was approved in June 1968 and the Board plans to submit the design phase of its system for approval during the first part of 1969.

The statement of principles and standards for the Securities and Exchange Commission was approved in June 1968. The Washington Aqueduct has not established a target date for submitting its accounting system for approval.