Accounting procedures (41 - 50 of 336 items)
Federally Chartered Corporation: Review of the Financial Statement Audit Report for Little League Baseball, Incorporated, for Fiscal Years 1998 and 1999
AIMD-00-301R: Published: Aug 25, 2000. Publicly Released: Aug 25, 2000.
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Little League Baseball, Incorporated, for the years ended September 30, 1998 and 1999, focusing on whether the audit report complied with the financial reporting requirements of the law.GAO noted that: (1) nothing came to GAO's attention that would cause it to believe that the financial repo...
Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
AIMD-00-162R: Published: Jun 14, 2000. Publicly Released: Jun 14, 2000.
Pursuant to a legislative requirement, GAO provided information on the results of the Internal Revenue Service's (IRS) financial statements and on the effectiveness of its internal controls for fiscal year (FY) ending September 30, 1999.GAO noted that: (1) GAO found weaknesses in IRS' accounting procedures for certain assets purchased in one year but used for a multi year period; (2) IRS corrected...
Government Auditing Standards: Independence (Preliminary Views)
GAGAS-PV-1: Published: Apr 14, 2000. Publicly Released: Apr 14, 2000.
GAO presented a draft of its revised government auditing standards to audit officials and others interested in government auditing standards, which summarized the Advisory Council on Government Auditing Standards' views on the proposed changes to financial auditing standards...
Financial Audit: Senate Restaurants Revolving Fund for Fiscal Years 1999 and 1998
AIMD-00-98: Published: Apr 12, 2000. Publicly Released: Apr 12, 2000.
Pursuant to a congressional request, GAO reviewed the financial statements of the Senate Restaurants Revolving Fund for the period ended September 30, 1999 and 1998. GAO contracted with the independent public accounting firm of KPMG Peat Marwick LLP to conduct the audit.GAO noted that: (1) the financial statements were fairly presented in conformity with generally accepted accounting principles; (...
FASAB News, Issue 61, April-May 2000
SP-00-22: Published: Apr 1, 2000. Publicly Released: Apr 1, 2000.
GAO provided information on the Federal Accounting Standards Advisory Board's recent actions, meetings, and practices...
Financial Report of the United States Government, 1999
B-285019: Published: Apr 1, 2000. Publicly Released: Apr 1, 2000.
GAO presented the United States government's 1999 financial report. The report includes: (1) audited financial statements that cover the executive, legislative, and judicial branches; and (2) GAO's audit of the financial report...
Financial Audit: American Battle Monuments Commission's Financial Statements for Fiscal Years 1999 and 1998
AIMD-00-85: Published: Mar 1, 2000. Publicly Released: Mar 1, 2000.
Pursuant to a legislative requirement, GAO conducted an audit of the agencywide financial statements of the American Battle Monuments Commission (ABMC) for fiscal years 1999 and 1998.GAO noted that: (1) ABMC consolidating financial statements as of and for the fiscal year ended September 30, 1999, and comparative consolidated totals as of and for the fiscal year ended September 30, 1998, are prese...
Financial Management: Education Faces Challenges in Achieving Financial Management Reform
T-AIMD-00-106: Published: Mar 1, 2000. Publicly Released: Mar 1, 2000.
Pursuant to a congressional request, GAO discussed the challenges the Department of Education faces in achieving financial management reform, focusing on: (1) Education's fiscal year (FY) 1999 financial audit results in the context of related work GAO has performed; (2) the relationship between the audit findings and the potential for waste, fraud, and abuse; and (3) the status of GAO's ongoing st...
GAO Report on Applying Agreed-Upon Procedures: Federal Unemployment Taxes
AIMD-00-80R: Published: Feb 25, 2000. Publicly Released: Feb 25, 2000.
Pursuant to a legislative requirement, GAO reviewed whether the net federal unemployment tax (FUTA) revenue distributed to the Unemployment Trust Fund (UTF) for the fiscal year ended September 30, 1999, is supported by the underlying records.GAO noted that: (1) in performing the agreed-upon procedures, GAO conducted its work in accordance with generally accepted government auditing standards, whic...
Financial Management: Financial Management Weaknesses at the Department of Education
T-AIMD-00-50: Published: Dec 6, 1999. Publicly Released: Dec 6, 1999.
GAO discussed its review of the independent auditors' reports on the Department of Education's financial statements covering fiscal year (FY) 1998, focusing on: (1) weaknesses in the financial reporting process; (2) inadequate reconciliations of financial accounting records; and (3) inadequate controls over information systems.GAO noted that: (1) the independent auditors found that the Department...