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Financial management systems (31 - 40 of 189 items)
Management Letter: Improvements Needed in IRS' Accounting Procedures and Internal Controls
GAO-01-880R: Published: Jul 30, 2001. Publicly Released: Jul 30, 2001.
In March 2001, GAO issued a report (GAO-01-394) on the results of its audit of the Internal Revenue Service's (IRS) financial statements and on the effectiveness of its internal controls for fiscal year 2000. This report reviews additional matters identified during GAO's fiscal year 2000 audit regarding accounting procedures and internal controls that could be improved. GAO found that IRS had imma...
Canceled DOD Appropriations: $615 Million of Illegal or Otherwise Improper Adjustments
GAO-01-994T: Published: Jul 26, 2001. Publicly Released: Jul 26, 2001.
This testimony reviews the Department of Defense's (DOD) handling of appropriated funds from expired appropriation accounts. In 1990, Congress changed the law governing the use of appropriation accounts because it concluded that controls over them were not working. Without adequate controls, Congress was concerned that agencies could disburse money in amounts and for purposes that it had not appro...
JFMIP: Project Managers Implementing Financial Systems in the Federal Government
JFMIP-ET-01-01: Published: Apr 1, 2001. Publicly Released: Apr 1, 2001.
GAO published a document on establishing core competencies for project managers. This document identifies competencies in three areas (1) financial management, (2) human resources, and (3) technical skills...
JFMIP: Project Managers Implementing Financial Systems in the Federal Government (Exposure Draft)
JFMIP-ET-01-01: Published: Dec 6, 2000. Publicly Released: Dec 6, 2000.
GAO published a document on establishing core competencies for project managers. This document identifies competencies in three areas (1) financial management, (2) human resources, and (3) technical...
Federal Accounting and Reporting: Framework for Assessing the Reliability of Budget Execution Data Is Not Yet Fully Implemented
GAO-01-43: Published: Oct 6, 2000. Publicly Released: Oct 6, 2000.
Beginning with fiscal year (FY) 1998, federal agencies were required to prepare a Statement of Budgetary Resources (SBR) as one of their primary financial statements. GAO's review of 22 major budgetary accounts at 10 agencies, constituting approximately 77 percent of FY 1999 net outlays, showed that the federal accounting and reporting framework was properly implemented for 14 accounts constitutin...
Financial Management: Review of Education's Grantback Account
AIMD-00-228: Published: Aug 18, 2000. Publicly Released: Aug 18, 2000.
Pursuant to a congressional request, GAO reviewed the Department of Education's grantback account.GAO noted that: (1) as a result of financial management system deficiencies, inadequate systems of funds control, and manual internal control weaknesses that GAO and other auditors have identified and the manner in which the grantback account was used, there is increased risk of fraud, waste, and mism...
Financial Audit: Accounting and Internal Control Issues Identified During GAO's 1999 FDIC Financial Statement Audits
AIMD-00-271R: Published: Aug 11, 2000. Publicly Released: Aug 11, 2000.
Pursuant to a legislative requirement, GAO provided information on internal control weaknesses identified during GAO's audits of the Federal Deposit Insurance Corporation's (FDIC) 1999 financial statements.GAO noted that there were: (1) losses in the securitization-related escrow account; (2) errors in the allowance calculation for FDIC receivables; and (3) weaknesses with account transaction cont...
Internal Controls: Disbursement Processing Controls Need Improvement
AIMD-00-236R: Published: Aug 7, 2000. Publicly Released: Aug 7, 2000.
Pursuant to a legislative requirement, GAO provided information on the Financial Management Service's (FMS) controls over safeguarding of assets and documenting disbursements and reconciliation of reports as well as the results of previously suggested improvements.GAO noted that: (1) testing of manual controls and procedures indicated weaknesses related to the safeguarding of vulnerable negotiable...
Department of Defense: Implications of Financial Management Issues
T-AIMD/NSIAD-00-264: Published: Jul 20, 2000. Publicly Released: Jul 20, 2000.
Pursuant to a congressional request, GAO discussed financial management issues at the Department of Defense (DOD).GAO noted that: (1) to date no major part of DOD has yet been able to pass the test of an independent audit--auditors consistently have issued disclaimers of opinion because of pervasive weaknesses in DOD's financial management systems, operations, and controls; (2) such problems led G...
Financial Report of the United States Government, 1999
B-285019: Published: Apr 1, 2000. Publicly Released: Apr 1, 2000.
GAO presented the United States government's 1999 financial report. The report includes: (1) audited financial statements that cover the executive, legislative, and judicial branches; and (2) GAO's audit of the financial report...