Internal controls (71 - 80 of 274 items)
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: Senate Barber Shops Revolving Fund for the Years Ended December 31, 1987 and 1986
AFMD-88-46: Published: Jun 7, 1988. Publicly Released: Jun 7, 1988.
Pursuant to a congressional request, GAO examined the Senate Barber Shops Revolving Fund's related statements of operations, undistributed income, and changes in financial position for the years ended December 31, 1987 and 1986.GAO found that the financial statements fairly presented the fund's operations and changes in financial position for the years then ended, in conformity with generally acce...
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...
State Department's Management of Its Travel Advance Funds
T-NSIAD-88-21: Published: Apr 27, 1988. Publicly Released: Apr 27, 1988.
GAO discussed the Department of State's efforts to resolve problems in its management of travel advance funds. GAO found that: (1) State did not have an effective system to monitor and report on travel advances and to collect unused travel funds; (2) State's delinquent travel advances increased from $10 million in 1985 to about $15.4 million in 1987; (3) State has collected only a small portion of...
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...
ADP Internal Controls: Actions To Correct System Weaknesses for Federal Employees' Compensation
IMTEC-88-9: Published: Dec 22, 1987. Publicly Released: Jan 25, 1988.
Pursuant to a congressional request, GAO evaluated the Employment Standards Administration's (ESA) Federal Employees' Compensation Act (FECA) Program, focusing on its: (1) progress in correcting material automatic data processing (ADP) weaknesses identified by the Department of Labor; (2) identification of all material ADP weaknesses; and (3) process for identifying and correcting ADP internal con...