Financial management (71 - 80 of 408 items)
Financial Audit: House Recording Studio Revolving Fund for 1987 and 1986
AFMD-88-64: Published: Aug 26, 1988. Publicly Released: Aug 26, 1988.
GAO examined the balance sheets of the House Recording Studio Revolving Fund and the related statements of operations and changes in financial position as of December 31, 1987 and 1986.GAO found that the: (1) statements presented fairly the financial position of the fund, the results of its operations, and the changes in its financial position, in conformity with generally accepted accounting prin...
Financial Audit: Federal Home Loan Bank Board's 1987 and 1986 Financial Statements
AFMD-88-67: Published: Aug 24, 1988. Publicly Released: Aug 24, 1988.
GAO examined the Federal Home Loan Bank Board's (FHLBB): (1) financial statements for the years ended December 31, 1987 and 1986, and the related statements of income expenses and retained earnings, and the changes in financial position for the years then ended; (2) system of internal accounting controls; and (3) compliance with laws and regulations.GAO found that: (1) in September 1987, FHLBB ret...
Financial Audit: Panama Canal Commission's Financial Statements for 1987 and 1986
AFMD-88-40: Published: May 12, 1988. Publicly Released: May 12, 1988.
GAO examined the Panama Canal Commission's (PCC) statement of its financial position as of September 30, 1987 and 1986, and the related statements of operations and non-interest-bearing investment, the changes in the U.S. government's investment, the changes in financial position, and the status of appropriations for the years then ended.GAO found that PCC did not obtain regulatory approval in adv...
The White House Office: Fiscal Year 1986 Appropriated Fund Expenditures Were Properly Made
AFMD-88-38: Published: Apr 18, 1988. Publicly Released: Apr 18, 1988.
Pursuant to a legislative requirement, GAO reviewed specific White House office expenditures for fiscal year (FY) 1986 to determine whether they complied with legislative provisions.GAO found that specific expenditures that the White House Office made during FY 1986 for equipment and supply purchases, entertainment, printing expenses, and reimbursements were proper...
Financial Reporting: Defense Agencies' Reports on Financial Position Need To Be Improved
AFMD-88-19: Published: Apr 14, 1988. Publicly Released: Apr 14, 1988.
GAO reviewed the Department of Defense's (DOD) compliance with GAO and Department of the Treasury annual reporting requirements, to: (1) determine whether DOD encountered any problems in implementing the requirements; and (2) identify actions DOD should take to improve compliance.GAO found that DOD: (1) did not develop the required guidelines for compiling financial reports; (2) did not verify the...
Financial Audit: House Office Equipment Service Schedules for Fiscal Year 1987
AFMD-88-29: Published: Mar 28, 1988. Publicly Released: Mar 28, 1988.
In response to a congressional request, GAO examined the schedule of purchased equipment accounts and the schedule of revenues and costs prepared from the records that the House Office Equipment Service and the House Finance Office maintained for the year ended June 30, 1987. GAO noted that, on October 1, 1986, the Service assumed responsibility for administering congressional members' district of...
Financial Management: Examples of Weaknesses
AFMD-88-35BR: Published: Feb 25, 1988. Publicly Released: Mar 28, 1988.
In response to a congressional request, GAO provided examples of weaknesses in the federal financial management structure.GAO found examples of a wide range of problems, including: (1) lack of centralized and agency financial management leadership and long-range planning; (2) inadequate financial management systems; (3) weaknesses in internal controls; (4) lack of periodic preparation and audit of...
Learning by New York's Example
136525: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 2, Summer 1988, discusses the applicability of the New York State and New York City financial systems to the federal government. In 1979, the state Comptroller brought the state's budget, accounting, and reporting systems into line with generally accepted accounting principles (GAAP), installed a central accounting system, capped deficits and bo...
The Growing Need for Reform
136524: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 2, Summer 1988, discusses the current problems in federal financial management and efforts to solve them. A recent GAO study spotlighted problem areas in the federal government's financial management practices, including: (1) lack of cost information; (2) lack of reliable information on weapon systems and other major projects; (3) inadequate dis...
Financial Management: Overall Plan Needed To Guide System Improvements at Education
AFMD-88-15: Published: Dec 31, 1987. Publicly Released: Dec 31, 1987.
GAO reviewed the Department of Education's financial management system to: (1) assess the reliability and effectiveness of the system to account for and control Education's funds and resources; (2) identify any major system weaknesses; and (3) examine the actions Education took to correct those weaknesses.GAO found that: (1) Education's loan records for its Higher Education Facilities and College...