Accounting procedures (81 - 90 of 122 items)
Approval of Design of Military Sealift Command Industrial Fund Accounting System
AFMD-82-119: Published: Sep 28, 1982. Publicly Released: Sep 28, 1982.
GAO reviewed the Military Sealift Command Industrial Fund Accounting System for the Department of the Navy.GAO approved the accounting system design as conforming in all material respects with the approved accounting principles and standards of the Department of the Navy...
Disclaimer of Opinion on the Financial Statements of the Pension Benefit Guaranty Corporation for FY 1980
AFMD-82-42: Published: Jun 23, 1982. Publicly Released: Jun 23, 1982.
GAO examined the combined statement of the financial condition of the Pension Benefit Guaranty Corporation (PBGC) as of September 30, 1980, the related combined statements of operations and changes in the deficiency in net assets, and the changes in financial condition for the year then ended.GAO found material accounting and estimating problems, internal control weaknesses, and major uncertaintie...
Approval of the Metric Board Accounting System Design
AFMD-82-95: Published: Jun 17, 1982. Publicly Released: Jun 17, 1982.
GAO reviewed the United States Metric Board's accounting system design.The design was approved as conforming in all material respects with the Metric Board's approved statement of accounting principles and standards...
Continuing Financial Management Problems at the Equal Employment Opportunity Commission
AFMD-82-72: Published: May 17, 1982. Publicly Released: Jun 14, 1982.
GAO was asked to review the financial operations of the Equal Employment Opportunity Commission (EEOC) with emphasis on determining the extent of deficiencies in EEOC controls over appropriated funds. GAO was requested to issue an interim report in October 1981 on the results of the review at that time.GAO found that: (1) accounting records and reports were unreliable, due to problems such as the...
Approval of the Executive Office of the President Accounting System Design
AFMD-82-88: Published: Jun 1, 1982. Publicly Released: Jun 1, 1982.
GAO reviewed the accounting system design for the Executive Office of the President.GAO approved the accounting system design as conforming in all material respects with the approved accounting principles and standards of the Executive Office of the President...
Reapproval of the Department of State Accounting Principles and Standards Statement
AFMD-82-83: Published: May 31, 1982. Publicly Released: May 31, 1982.
GAO reviewed the Statement of Accounting Principles and Standards for the Department of State.GAO approved the statement as conforming with the accounting principles and standards prescribed by GAO...
Millions Paid Out in Duplicate and Forged Government Checks
AFMD-81-68: Published: Oct 1, 1981. Publicly Released: Oct 1, 1981.
GAO was asked to study the Treasury Department's accounting procedures for duplicate payments and payments on forged checks.A GAO review disclosed that the Treasury is not meeting all legal requirements in accounting for and recovering the payments with the result that funds are being disbursed without congressional approval and amounts due the government are not recovered promptly. A GAO review o...
Status, Progress, and Problems in Federal Agency Accounting During Fiscal 1980
AFMD-81-58: Published: Jun 25, 1981. Publicly Released: Jun 25, 1981.
The head of each executive agency is responsible for establishing and maintaining systems of accounting and internal controls that conform to the principles, standards, and related requirements prescribed by the Comptroller General. GAO examines the accounting principles and standards prescribed by an agency as the basis for its accounting system and those procedures and practices that will be fol...
Action Needed To Improve Timeliness of Army Billings for Sales to Foreign Countries
AFMD-81-61: Published: Apr 30, 1981. Publicly Released: Apr 30, 1981.
GAO reviewed the Army accounting system used to bill and collect for foreign military sales from foreign countries' trust fund accounts.GAO found that: (1) the Army has not promptly collected from trust fund accounts for goods and services delivered to foreign customers; (2) serious weaknesses exist in the Army billing system, and many deliveries were not billed at the time of shipment as required...
Audit of the Overseas Private Investment Corporation's 1980 Financial Statements
114995: Mar 30, 1981
The Overseas Private Investment Corporation (OPIC) was provided with a summary of observations made during an audit of the Corporation's financial statements. Areas were identified in which better internal accounting controls could improve OPIC operations and the timeliness of GAO audit work.The OPIC accounting manual has not been revised since 1976 and needs to be updated to show the changes that...