Accounting procedures (11 - 20 of 122 items)
Financial Management: Indian Trust Fund Accounts Cannot Be Fully Reconciled
T-AIMD-95-94: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
GAO discussed the Bureau of Indian Affairs' (BIA) efforts to reconcile Indian trust fund accounts and make needed management improvements to ensure the accounts' future accuracy. GAO noted that: (1) BIA has spent 4 years and $16 million to reconcile Indian trust fund accounts, which it has not fully reconciled; (2) BIA is requesting $6.8 million for fiscal year 1996 to continue the detailed reconc...
Title 2--Equity Accounting
AIMD-94-11R: Published: Oct 13, 1993. Publicly Released: Oct 13, 1993.
The National Institute of Standards and Technology (NIST) requested an opinion on the application of the Title 2 equity standard for preparing its Working Capital Fund financial statements. GAO found that: (1) the Department of Commerce's Inspector General (IG) has cited NIST for noncompliance with the equity standard; (2) IG has recommended that NIST adjust its equity accounts to reflect property...
Financial Audit: House Beauty Shop Revolving Fund for Periods Ended 9/30/92, 12/31/91, 12/31/90
AIMD-93-42: Published: Sep 13, 1993. Publicly Released: Sep 13, 1993.
Pursuant to a legislative requirement and a congressional request, GAO audited the House of Representatives Beauty Shop Revolving Fund's balance sheets and related statements of operations and cash flows for the periods ended September 30, 1992, December 31, 1991, and December 31, 1990.GAO found that: (1) the financial statements presented fairly, in all material respects, the financial position o...
Financial Audit: House Office Systems Management Financial Statements for Fiscal Years 1991 and 1990
AIMD-93-12: Published: Aug 6, 1993. Publicly Released: Aug 6, 1993.
Pursuant to a congressional request, GAO examined the House Office Systems Management's: (1) financial statements as of June 30, 1991 and 1990; (2) internal controls; and (3) compliance with applicable laws and regulations.GAO found that: (1) the financial statements present fairly, in accordance with the modified cash accounting method used, the results of activities financed from funds allocated...
Financial Management: Inadequate Accounting and System Project Controls at AID
AFMD-93-19: Published: May 24, 1993. Publicly Released: May 24, 1993.
GAO reviewed key accounting and reporting weaknesses in the Agency for International Development's (AID) financial management systems, and evaluated AID efforts to improve these systems.GAO found that: (1) AID has experienced serious accounting system and financial reporting problems; (2) AID overseas offices did not promptly and accurately report disbursements, and AID could not ensure that disbu...
Financial Audit: Ninety-eighth Democratic New Members Caucus Financial Statements--March '85-April '92
AFMD-93-33: Published: May 5, 1993. Publicly Released: May 5, 1993.
Pursuant to a congressional request, GAO examined the financial statements of the Ninety-eighth Democratic New Members Caucus for the period from March 6, 1985, to April 30, 1992.GAO found that the: (1) financial statements presented fairly, in conformity with generally accepted accounting principles, the Caucus' assets, liabilities, and fund balance; (2) internal controls were inadequate although...
Internal Control Weaknesses in Army Data Processing Operations and Accounting and Financial Reporting
AFMD-93-16ML: Published: Nov 19, 1992. Publicly Released: Nov 19, 1992.
GAO reported on internal control weaknesses in the Army Corps of Engineers' data processing operations and accounting and financial reporting processes. GAO noted that the Corps: (1) overused a transaction entry procedure that was primarily intended for correcting, but not entering, accounting data; (2) did not document data entries or maintain control logs; (3) allowed personnel to both prepare a...
Financial Management: DOT's Accounting and Financial Information System Can Be Improved
RCED/AFMD-92-238: Published: Sep 22, 1992. Publicly Released: Sep 22, 1992.
Pursuant to a congressional request, GAO reviewed the Department of Transportation's (DOT) Departmental Accounting and Financial Information System (DAFIS), focusing on the system's: (1) status and cost; and (2) effectiveness in achieving its goals.GAO found that: (1) goals for DAFIS include consolidation of existing accounting systems into one departmentwide system, correction of accounting disbu...
Premium Accounting System: Pension Benefit Guaranty Corporation System Must Be an Ongoing Priority
IMTEC-92-74: Published: Aug 11, 1992. Publicly Released: Aug 11, 1992.
Pursuant to a congressional request, GAO provided information on the Pension Benefit Guaranty Corporation's (PBGC) modifications to the automated premium accounting system and procurement of a replacement system.GAO found that: (1) the PBGC premium computerized accounting system has undergone a two-phase modification and restoration, and the first phase has restored partial system function, but th...
Financial Management: NASA's Decisions Are Based on Unreliable Systems Data and Reports
T-AFMD-92-9: Published: May 7, 1992. Publicly Released: May 7, 1992.
GAO discussed the National Aeronautics and Space Administration's (NASA) financial management systems and operations. GAO noted that: (1) NASA internal controls, policies and procedures, and financial management systems provide no assurance that its $13.9 billion in fiscal year (FY) 1991 appropriations and almost $13.4 billion in contractor-held property are being properly and accurately accounted...