Internal controls (1 - 10 of 274 items) in Custom Date Range
U.S. Capitol Grounds Concerts: Improvements Needed in Management Approval Controls over Certain Payments
GAO-17-44: Published: Oct 25, 2016. Publicly Released: Oct 28, 2016.
Capital Concerts, Inc. (CCI) received both federal and nonfederal funding to support the production of the Memorial Day and Fourth of July concerts held on the U.S. Capitol Grounds from 2012 through 2014. CCI received federal funding through a cooperative agreement with the Department of the Interior's National Park Service (NPS) that included funding that NPS received through an interagency agree...
Financial Management Systems: HUD Needs to Address Management and Governance Weaknesses That Jeopardize Its Modernization Efforts
GAO-16-656: Published: Jul 28, 2016. Publicly Released: Jul 28, 2016.
In October 2015, as part of its planned New Core financial management systems modernization efforts, the Department of Housing and Urban Development (HUD) completed transitioning 4 of 14 capabilities to shared service solutions. The implemented capabilities were for managing employee travel and relocation; recording time and attendance; performing core accounting functions such as general ledger a...
Senate Preservation Fund: Audit of Fiscal Years 2009 and 2010 Transactions
GAO-12-271R: Published: Feb 16, 2012. Publicly Released: Feb 16, 2012.
For fiscal years 2009 and 2010, the Funds recorded transactions consisted of 136 investment and operating transactions recorded and accounted for by the Library. The Funds recorded transactions were authorized in advance, supported by documentation, and accurately accounted for. However, while the Funds transactions were generally recorded promptly, we did identify five instances...
DOD Financial Management: Ongoing Challenges with Reconciling Navy and Marine Corps Fund Balance with Treasury
GAO-12-132: Published: Dec 20, 2011. Publicly Released: Dec 20, 2011.
Neither the Navy nor the Marine Corps have implemented effective processes for reconciling their FBWT. The Treasury Financial Manual and DODs Financial Management Regulation require DOD components to perform monthly FBWT reconciliations and maintain detailed reconciliation worksheets and documentation to provide an adequate audit trail for the resolution of differences. GAOs Standards...
Financial Management: Effective Internal Control Is Key to Accountability
GAO-05-321T: Published: Feb 16, 2005. Publicly Released: Feb 16, 2005.
Internal control is at the heart of accountability for our nation's resources and how effectively government uses them. This testimony outlines the importance of internal control, summarizes the Congress's long-standing interest in internal control and the related statutory framework, discusses GAO's experiences and lessons learned from agency assessments since the early 1980s, and provides GAO's...
Financial Management Systems: HHS Faces Many Challenges in Implementing Its Unified Financial Management System
GAO-04-1089T: Published: Sep 30, 2004. Publicly Released: Sep 30, 2004.
GAO has previously reported on systemic problems the federal government faces in achieving the goals of financial management reform and the importance of using disciplined processes for implementing financial management systems. As a result, the Subcommittee on Government Efficiency and Financial Management, House Committee on Government Reform, asked GAO to review and evaluate the agencies' plans...
Financial Management Systems: Lack of Disciplined Processes Puts Implementation of HHS' Financial System at Risk
GAO-04-1008: Published: Sep 23, 2004. Publicly Released: Sep 30, 2004.
In June 2001, the Secretary of HHS directed the department to establish a unified accounting system that, when fully implemented, would replace five outdated accounting systems. GAO was asked to review HHS' ongoing effort to develop and implement the Unified Financial Management System (UFMS) and to focus on whether the agency has (1) effectively implemented disciplined processes; (2) implemented...
Financial Management: USDA Faces Major Financial Management Challenges
T-AIMD-00-115: Published: Mar 21, 2000. Publicly Released: Mar 21, 2000.
Pursuant to a congressional request, GAO discussed the financial management issues facing the Department of Agriculture (USDA), focusing on problems in the areas of: (1) implementing the Federal Credit Reform Act (FCRA) of 1990 and related accounting standards; (2) reconciling its Fund Balance with Treasury accounts; (3) addressing weaknesses in the Forest Service's financial accounting and report...
Financial Management: Differences in Army and Air Force Disbursing and Accounting Records
AIMD-00-20: Published: Mar 7, 2000. Publicly Released: Mar 7, 2000.
Pursuant to a congressional request, GAO provided information on differences in the Army's and Air Force's disbursing and accounting records, focusing on: (1) if, and to what extent, contract payment transactions recorded in the Army and the Air Force official accounting records differed from mechanization of contract administration services (MOCAS) disbursing system records; (2) the types of diff...
Forest Service: Barriers to Financial Accountability Remain
AIMD-99-1: Published: Oct 2, 1998. Publicly Released: Oct 2, 1998.
Pursuant to a congressional request, GAO reviewed the financial management problems of the Forest Service identified in the Department of Agriculture (USDA) Inspector General's (IG) audit report on the Forest Service's fiscal year (FY) 1995 financial statements, focusing on: (1) how the IG's adverse opinion raised concerns about the level of stewardship over taxpayer money appropriated to the Fore...