Financial management (81 - 90 of 339 items)
Financial Audit Manual: Update to Part II--Tools
GAO-03-466G: Published: Apr 1, 2003. Publicly Released: Apr 1, 2003.
In July 2001, the U.S. General Accounting Office (GAO) and the President's Council on Integrity and Efficiency (PCIE) issued the GAO/PCIE Financial Audit Manual (FAM). The FAM provides guidance for financial audits conducted by the Inspector General community, GAO, and their contractors. The FAM is a key part in enhancing accountability over taxpayer-provided resources. GAO and the PCIE are commit...
Financial Management: DOD's Metrics Program Provides Focus for Improving Performance
GAO-03-457: Published: Mar 28, 2003. Publicly Released: Mar 28, 2003.
The Department of Defense (DOD) has historically been unable to accurately account for and record its disbursements. In March 2002, the DOD Comptroller cited metrics that showed dramatic reductions in payment recording errors (57 percent between October 2000 and October 2001), backlogs of commercial payments (41 percent between April and October 2001), and travel card payment delinquencies (34 per...
Financial Management: Extending the Financial Statements Audit Requirement of the CFO Act to Additional Federal Agencies
GAO-02-740T: Published: May 14, 2002. Publicly Released: May 14, 2002.
Congress is considering expanding the number of federal agencies required to prepare audited financial statements to include all executive branch agencies that have budget authority of $25 million or more. The Federal Financial Management Improvement Act of 1996 builds on the Chief Financial Officers (CFO) Act by encouraging agencies to have systems that generate timely, accurate, and useful infor...
Accounting Profession: Oversight, Auditor Independence, and Financial Reporting Issues
GAO-02-742R: Published: May 3, 2002. Publicly Released: May 3, 2002.
The accounting system's self-regulatory system for auditors, which largely depends on voluntary contributions from the accounting industry, is plagued by fragmentation, lack of coordination, poor communication, and conflicts of interest. In GAO's view, the current self-regulatory system is broken, and oversight by the Securities and Exchange Commission (SEC) has fallen short in protecting the publ...
Government Auditing Standards: Amendment No. 3: Independence (Superseded by GAO-03-673G)
GAO-02-388G: Published: Jan 1, 2002. Publicly Released: Jan 1, 2002.
This publication has been superseded by GAO-03-673G, Government Auditing Standards: 2003 Revision, June 2003. GAO presented a guide on revised government auditing standards to audit officials and others interested in government auditing standards. The standards require auditors to (1) not perform management functions or make management decisions and (2) not audit their own work or provide nonaudit...
Property Management Systems Requirements: Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act (Supersedes GAO-01-554G)
GAO-02-171G: Published: Dec 1, 2001. Publicly Released: Dec 1, 2001.
This publication supersedes GAO-01-554G, Property Management Systems Requirements: Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act (Exposure Draft), June 2001. The Joint Financial Management Improvement Program's Property Management Systems Requirements assist (1) agencies implement and monitor their property management systems and (2) managers and auditors r...
Financial Audit Manual: Part III
A02692: Nov 1, 2001
GAO published a financial auditing manual containing detailed guidance for meeting relevant requirements within a comprehensive framework, focusing on the following components of a financial audit: (1) professional qualifications, (2) quality control, (3) planning and supervision, (4) evidence, (5) workpapers, (6) reporting and (7) general auditing issues...
Internal Control Management and Evaluation Tool (Supersedes GAO-01-131G)
GAO-01-1008G: Published: Aug 1, 2001. Publicly Released: Aug 1, 2001.
This publication superseded GAO-01-131G, Internal Control Management and Evaluation Tool: Exposure Draft, February 2001. This guide is intended to assist agencies maintain or implement effective internal controls and, when needed, to help determine what, where, and how improvements can be implemented...
Financial Management: Improvements in Air Force Fund Balance With Treasury Reconciliation Process
GAO-01-847: Published: Jul 18, 2001. Publicly Released: Jul 18, 2001.
The Department of Defense (DOD) has had longstanding problems in reconciling the transaction activity in its Fund Balance with Treasury accounts. These reconciliation problems hamper DOD's ability to prepare auditable financial statements and have prompted GAO to place DOD financial management on its list of government activities at high risk for waste, fraud, abuse, and mismanagement. In August 1...
Property Management Systems Requirements: Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act (Exposure Draft) (Superseded by GAO-02-171G)
GAO-01-554G: Published: Jun 1, 2001. Publicly Released: Jun 1, 2001.
This publication has been superseded by GAO-02-171G, Property Management Systems Requirements: Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act, December 2001. This checklist reflects the Joint Financial Management Improvement Program's Property Management Systems Requirements to assist (1) agencies in implementing and monitoring their property management syst...