Financial records (81 - 90 of 269 items)
Government Auditing Standards: Meaning of 'Present Fairly in Conformity with Generally Accepted Accounting Principles' in Reports on Financial Statements of the Federal Government and Its Component Entities
GAGAS-ED-1: Published: Apr 30, 1998. Publicly Released: Apr 30, 1998.
GAO presented an exposure draft of its revised government auditing standards, to audit officials and others interested in government auditing standards, which summarized proposed changes to financial auditing standards...
Commemorative Coin Program: The 1995 Special Olympics World Games Organizing Committee, Inc.
AIMD-98-121R: Published: Apr 17, 1998. Publicly Released: Apr 17, 1998.
Pursuant to a legislative requirement, GAO performed a one-time audit of the use of commemorative coin surcharge proceeds received by the 1995 Special Olympics World Games Organizing Committee, Inc.GAO noted that: (1) the Committee received about $4.4 million in surcharge proceeds from the U.S. Mint from June 1995 through January 1996; (2) the Committee's financial statements were audited for the...
Agreed-Upon Procedures: Excise Taxes
AIMD-98-78R: Published: Feb 26, 1998. Publicly Released: Feb 26, 1998.
GAO reviewed whether the net excise tax collections and excise tax certifications reported by the Internal Revenue Service (IRS) for the fiscal year (FY) ended September 30, 1997, are supported by the underlying records.GAO noted that: (1) this engagement to apply agreed-upon procedures was performed in accordance with standards established by the American Institute of Certified Public Accountants...
Agreed-Upon Procedures: Federal Unemployment Taxes
AIMD-98-79R: Published: Feb 26, 1998. Publicly Released: Feb 26, 1998.
Pursuant to a legislative requirement, GAO reviewed fiscal year 1997 federal unemployment tax (FUTA) net collection activity.GAO noted that: (1) GAO completed the agreed-upon procedures on February 11, 1998; (2) in performing the agreed-upon procedures, GAO conducted the work in accordance with generally accepted government auditing standards which incorporate financial audit and attestation stand...
Financial Audit: Review of the Audit of SEMATECH's Financial Statements for 1996
AIMD-97-158: Published: Sep 29, 1997. Publicly Released: Sep 29, 1997.
Pursuant to a legislative requirement, GAO reviewed the financial statement audit of SEMATECH, Inc., for the year ending December 31, 1996.GAO found that: (1) Price Waterhouse's opinion, dated January 31, 1997, stated that SEMATECH's financial statements for the year ended December 31, 1996, are fairly presented in all material respects in conformity with generally accepted accounting principles;...
Tax Administration: Taxpayer Rights and Burdens During Audits of Their Tax Returns
T-GGD-97-186: Published: Sep 26, 1997. Publicly Released: Sep 26, 1997.
GAO discussed the rights of taxpayers and their treatment during audits of their tax returns by the Internal Revenue Service (IRS).GAO noted that: (1) IRS has limited data on both the treatment of taxpayers and the burdens imposed on them during audits; (2) IRS recently created a system to track taxpayers' complaints about improper treatment but IRS does not solicit input on all improper treatment...
Audit Oversight and Liaison Issue Area: Active Assignments
AA-96-25(2): Published: Apr 6, 1996. Publicly Released: Apr 6, 1996.
GAO provided information on its active assignments in its Audit Oversight and Liaison issue area as of April 6, 1996...
H.R. 846 and H.R. 873 Helium Fund Audits
AIMD-95-150R: Published: Jun 15, 1995. Publicly Released: Jun 15, 1995.
GAO suggested changes in H.R. 846, the Helium Act of 1995, and H.R. 873, the Helium Privatization Act of 1995, both of which will terminate helium operations at the Department of Interior's Bureau of Mines, and require annual audits of the Helium Fund's financial statements. GAO noted that the Inspector General's January 1995 audit report on the Bureau of Mines' principal financial statements for...
Financial Audit: Review of the Audit of SEMATECH's Financial Statements for 1993
AIMD-94-163: Published: Aug 29, 1994. Publicly Released: Aug 29, 1994.
Pursuant to a legislative requirement, GAO reviewed the financial audit statements of SEMATECH, Inc., focusing on audit accuracy and completeness.GAO found that: (1) the SEMATECH 1993 financial statements were fairly presented in conformance with generally accepted accounting principles; (2) there were no material internal control weaknesses or noncompliance with applicable laws and regulations; (...
Legislative Service Organizations: Proposed Accounting Standards and Guidelines
AIMD-94-49: Published: Dec 16, 1993. Publicly Released: Dec 16, 1993.
GAO provided information on proposed accounting standards and guidelines for legislative service organizations (LSO), focusing on whether LSO should: (1) use accrual accounting to report their financial operations; (2) disclose the House regulations that govern their operations; and (3) disclose its relationships with outside organizations.GAO found that: (1) LSO should use accrual basis accountin...